By Marisa Wong
Madison, Wis., Sept. 12 – First Financial Holding Co. Ltd. announced that subsidiary First Commercial Bank priced NT$1 billion of 3˝% perpetual non-cumulative subordinated financial bonds.
The bonds were priced at par.
This is the bank’s first issue of perpetual non-cumulative subordinated financial bonds for 2014.
Funds will be used to stabilize the BIS ratio, enhance long-term capital and prepare for future business use.
The financial company is based in Taipei, Taiwan.
| Issuer: | First Commercial Bank
|
| Issue: | Subordinated financial bonds
|
| Amount: | NT$1 billion
|
| Maturity: | Perpetual
|
| Coupon: | 3˝%
|
| Price: | Par
|
| Yield: | 3˝%
|
| Announcement date: | Sept. 12
|
| Settlement date: | Sept. 26
|
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