By Marisa Wong
Morgantown, W.Va., Feb. 8 – Fubon Financial Holding Co. announced that subsidiary Taipei Fubon Bank priced $195 million of 30-year zero-coupon debentures at par with a 4.35% internal rate of return.
This is Taipei Fubon Bank’s second issue of senior financial debentures for 2018. The bank priced NT$1 billion of two-year debentures earlier this week.
Proceeds from the latest non-underwritten offering will be used to support business development, enhance funding liquidity and diversify the bank’s funding resources.
Fubon Financial is a financial services company based in Taipei, Taiwan.
| Issuer: | Taipei Fubon Bank
|
| Issue: | Senior financial debentures, 2018 second issue
|
| Amount: | $195 million
|
| Maturity: | March 8, 2048
|
| Underwriter: | None
|
| Coupon: | 0%
|
| Price: | Par
|
| IRR: | 4.35%
|
| Call option: | None
|
| Put option: | None
|
| Announcement date: | Feb. 8
|
| Settlement date: | March 8
|
© 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.
