By Marisa Wong
Madison, Wis., Nov. 4 - Fubon Financial Holdings Co. Ltd. announced the issue of NT$2.55 billion of subordinated financial debentures on behalf of Taipei Fubon Bank.
The seven-year debentures priced at par with a coupon of 1½%.
Proceeds will be used to meet mid- or long-term funding needs or to raise the BIS ratio.
This is the bank's eighth issue of financial debentures in 2010.
Fubon Financial is a financial services company based in Taipei, Taiwan.
| Issuer: | Taipei Fubon Bank
|
| Issue: | Corporate debentures
|
| Amount: | NT$2.55 billion
|
| Maturity: | Nov. 15, 2017
|
| Coupon: | 1½%
|
| Price: | Par
|
| Yield: | 1½%
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 15
|
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