Taiwan's Yuanta Financial corrects announcement of underwriter for Yuanta Bank's debentures

By Marisa Wong

Madison, Wis., Aug. 30 - Yuanta Financial Holding Co., Ltd. issued corrections to its previous announcements regarding Yuanta Commercial Bank's issue of subordinated financial debentures. According to the new announcements, there was no underwriter for Yuanta Commercial's first issue of subordinated debentures in 2010 and first and second issues of subordinated debentures in 2011.

The bank issued NT$5 billion of 2.3% subordinated financial debentures due 2017 on June 10, 2010, NT$2.45 billion of 1¾% subordinated financial debentures due 2018 on June 27 and NT$2.35 billion of 1.85% subordinated financial debentures due 2018 on Aug. 22.

Yuanta Financial had previously announced that Yuanta Securities Corp., Grand Cathay Securities Corp., Capital Securities Corp., Jihsun Securities Corp. and Standard Chartered Bank Taipei branch were the underwriters for the 1¾% debentures and Yuanta Securities, Polaris Securities Corp., Cathay Securities, KGI Securities Corp. and Mega Securities Corp. were the underwriters for the 1.85% debentures.

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

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