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Fubon Hyundai Life Insurance eyes up to KRW 150 billion bonds
By Marisa Wong
Los Angeles, April 27 – Fubon Financial Holding Co. announced that Fubon Hyundai Life Insurance Co. plans to issue up to KRW 150 billion of subordinated bonds in one or more tranches with maturities of up to 10 years.
The maximum coupon rate will be 4˝%.
Proceeds will be used to strengthen the company’s financial structure and to meet its business plan requirements.
Fubon Financial is a financial services company based in Taipei, Taiwan.
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