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Taiwan’s First Commercial Bank plans NT$20 billion debentures for 2018
By Marisa Wong
Morgantown, W.Va., May 11 – First Financial Holding Co. Ltd. announced that subsidiary First Commercial Bank plans to issue NT$20 billion of subordinated financial debentures in 2018.
The subsidiary plans to offer NT$15 billion of New Taiwan dollar-denominated bonds and NT$5 billion of bonds denominated in other currencies.
The bank plans to issue the bonds at par with a maturity of no more than 30 years.
Funds will be used to stabilize the capital adequacy ratio, enhance long-term capital and prepare for future business development.
The financial company is based in Taipei, Taiwan.
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