Taiwan's Yuanta Bank plans NT$17.5 billion of debentures in 2011

By Marisa Wong

Madison, Wis., Feb. 24 - Yuanta Financial Holding Co., Ltd. announced that Yuanta Commercial Bank's board of directors approved the planned issuance of NT$17.5 billion of subordinated financial debentures in 2011.

The maturity, coupon and pricing details of the debentures have not yet been determined.

The bank may issue the debentures on separate occasions within the year.

Proceeds will be used to improve capital adequacy ratios and to raise stable mid- to long-term funds.

Formerly Asia Pacific Commercial Bank, Yuanta Commercial Bank is based in Taipei, Taiwan.

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