By Marisa Wong
Morgantown, W.Va., Sept. 5 – Fubon Financial Holding Co. announced that subsidiary Taipei Fubon Bank priced NT$3 billion of seven-year subordinated financial debentures at par with a 1.33% coupon.
This is the company’s second issue of subordinated financial debentures for 2017.
Proceeds from the non-underwritten offering will be used to meet mid- or long-term funding needs or to raise the BIS ratio.
Fubon Financial is a financial services company based in Taipei, Taiwan.
| Issuer: | Taipei Fubon Bank
|
| Issue: | Subordinated financial debentures
|
| Amount: | NT$3 billion
|
| Maturity: | Sept. 22, 2024
|
| Underwriter: | None
|
| Coupon: | 1.33%
|
| Price: | Par
|
| Yield: | 1.33%
|
| Put option: | None
|
| Call option: | Non-callable
|
| Announcement date: | Sept. 5
|
| Settlement date: | Sept. 22
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
