By Marisa Wong
Madison, Wis., May 28 - Mega Financial Holding Co. announced that Mega International Commercial Bank Co. Ltd. issued NT$7.1 billion of seven-year debentures at par to yield 1.65%.
This is Mega's second issue of subordinated financial debentures for 2014. The company issued NT$4.9 billion of 1.7% seven-year debentures in March, as previously reported.
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.
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Issue: | Subordinated financial debentures
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Amount: | NT$7.1 billion
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Maturity: | Seven years
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Coupon: | 1.65%
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Price: | Par
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Yield: | 1.65%
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Announcement date: | May 28
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