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Taiwan’s Yuanta Bank plans NT$10 billion subordinated bonds in 2016
By Marisa Wong
Morgantown, W.Va., Nov. 30 – Yuanta Financial Holding Co., Ltd. announced that subsidiary Yuanta Bank plans to issue subordinated financial debentures in 2016.
The maximum amount of the issue will be NT$10 billion or the equivalent in other currencies.
Proceeds will be used to improve the bank’s capital adequacy ratios and to raise stable mid- to long-term funds.
The financial services company is based in Taipei, Taiwan.
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