Taiwan's Mega International plans to offer NT$15 billion debentures

By Jennifer Chiou

New York, May 6 - Mega FHC announced that Mega International Commercial Bank Co. Ltd. plans to issue NT$15 billion of subordinated debentures.

The issue, the bank's 98th issue of subordinated bonds, will include physical debentures with face values of NT$100,000, NT$1 million, NT$10 million and NT$100 million and non-physical debentures with a face value of NT$100,000.

The debentures will be sold over the course of two years. They may be priced at par, at a premium or at a discount.

Proceeds will be used to fund medium- and long-term loans and investments.

Mega is a bank based in Taipei, Taiwan.

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