By Marisa Wong
Madison, Wis., March 18 - Mega Financial Holding Co. announced that Mega International Commercial Bank Co. Ltd. issued NT$4.9 billion of seven-year debentures at par to yield 1.7%.
This is Mega's first issue of subordinated financial debentures for 2014.
Proceeds will be used to meet medium- to long-term funding requirements and to raise the bank's BIS ratio.
The Taipei-based issuer 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$4.9 billion
|
| Maturity: | Seven years
|
| Coupon: | 1.7%
|
| Price: | Par
|
| Yield: | 1.7%
|
| Announcement date: | March 18
|
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