By Marisa Wong
Morgantown, W.Va., Oct. 2 – Fubon Financial Holding Co. announced that subsidiary Taipei Fubon Bank priced NT$1.75 billion of seven-year subordinated financial debentures at par with a 1.3% coupon.
This is the company’s fourth 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, 2017 fourth issue
|
| Amount: | NT$1.75 billion
|
| Maturity: | Oct. 18, 2024
|
| Coupon: | 1.3%
|
| Price: | Par
|
| Yield: | 1.3%
|
| Call option: | No
|
| Put option: | No
|
| Announcement date: | Oct. 2
|
| Settlement date: | Oct. 18
|
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