Taipei Fubon Bank eyes up to NT$8 billion debentures

By Rebecca Melvin

New York, Jan. 17 – Fubon Financial Holding Co. Ltd. announced on behalf of Taipei Fubon Bank that it plans to issue up to NT$8 billion of subordinated financial debentures of not less than five years duration, subject to market conditions.

Up to NT$6 billion are to be perpetual non-cumulative subordinated financial debentures and up to NT$2 billion are to be long-term financial debentures.

The par value of each debenture is NT$10 million, and the interest rate may be fixed-, floating- or zero coupon-rate.

Proceeds from the proposed issuance will be to meet mid or long-term funds need, to raise capital adequacy ratios and to strengthen the asset liability structure of the bank.

The financial services company based in Taipei, Taiwan.

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