Taiwan's MEGA opts to issue NT$15 billion of subordinated debentures

By Jennifer Chiou

New York, Aug. 4 - MEGA Financial Holding Co. announced on behalf of Mega International Commercial Bank Co. Ltd. that its board of directors resolved to offer its 99th issue of subordinated financial debentures at a Wednesday meeting.

The company is planning to issue NT$15 billion of debentures with an anticipated tenor of more than two years.

Proceeds are earmarked for investments and medium- and long-term loans.

The Taipei-based company provides commercial and retail lending, venture capital investments, international trade finance, securities dealing, trust services and property/casualty insurance.

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