Taiwan’s Fubon plans NT$20 billion subordinated debentures for 2018

By Marisa Wong

Morgantown, W.Va., Feb. 23 – Fubon Financial Holding Co. announced that subsidiary Taipei Fubon Commercial Bank plans to issue NT$10 billion and the equivalent of NT$10 billion in other currencies of subordinated financial debentures in 2018.

The debentures will have maturities of up to 30 years and will be sold at par.

Proceeds will be used to stabilize the bank’s CAR ratio, enhance long-term capital and prepare of future business development.

Fubon Financial is a financial services company based in Taipei, Taiwan.

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