By Cady Vishniac
Detroit, Jan. 21 – Yuanta Financial Holding Co. Ltd. priced NT$5 billion of 0.67% subordinated debentures due Feb. 23, 2031 at par of NT$10 million, according to a Taiwan Stock Exchange notice.
The notes will be redeemable by the issuer after five years at par plus interest.
This is the company’s first issue of corporate bonds for 2021.
Proceeds will be used to redeem other subordinated debentures and maintain a robust capital adequacy ratio.
The financial services company is based in Taipei, Taiwan.
| Issuer: | Yuanta Financial Holding Co., Ltd.
|
| Issue: | Subordinated debentures
|
| Amount: | NT$5 billion
|
| Maturity: | Feb. 23, 2031
|
| Coupon: | 0.67%
|
| Price: | Par of NT$10 million
|
| Yield: | 0.67%
|
| Announcement date: | Jan. 21
|
| Issue date: | Feb. 23
|
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