By Marisa Wong
Madison, Wis., May 2 - Mega Financial Holding Co. announced on behalf of Mega International Commercial Bank Co. Ltd. the issuance of NT$1.3 billion of 1.48% seven-year subordinated financial debentures.
The debentures were issued at par of NT$10 million.
Proceeds will be used to meet medium- to long-term fund requirements and to raise the BIS ratio.
This is the bank's first issuance of subordinated financial debentures in 2012.
The Taipei-based company specializes in commercial and retail lending, venture capital investments, international trade finance, securities dealing, trust services and property/casualty insurance.
| Issuer: | Mega International Commercial Bank Co. Ltd.
|
| Issue: | Subordinated financial debentures
|
| Amount: | NT$1.3 billion
|
| Maturity: | 2019
|
| Coupon: | 1.48%
|
| Price: | Par of NT$10 million
|
| Yield: | 1.48%
|
| Announcement date: | May 2
|
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