By Susanna Moon
Chicago, July 29 - First Financial Holding Co. Ltd. said it issued NT$5 billion of 1.92% subordinated unsecured financial bonds due Sept. 28, 2017 at par.
Proceeds will be used to stabilize the BIS ratio, enhance long-term capital and prepare for future business needs, according to a company release.
Yuanta Securities Co. and Masterlink Securities Co. are the agents.
First Financial said on April 29 that it planned to sell up to NT$9 billion of senior unsecured bonds and subordinated bonds this year.
The Taipei, Taiwan, financial company had said that the senior unsecured bonds would have a maximum maturity of five years while the tenor of the subordinated bonds was not to exceed seven years.
First Financial said at the time that it was looking to bolster its working capital and refinance its subordinated debt.
| Issuer: | First Financial Holding Co. Ltd.
|
| Issue: | Subordinated unsecured financial bonds
|
| Amount: | NT$5 billion
|
| Maturity: | Sept. 28, 2017
|
| Coupon: | 1.92%
|
| Price: | Par
|
| Yield: | 1.92%
|
| Agents: | Yuanta Securities Co. and Masterlink Securities Co.
|
| Pricing date: | July 29
|
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