Taiwan’s Fubon Financial eyes NT$2.2 billion five-, seven-year notes

By Marisa Wong

Morgantown, W.Va., Oct. 25 – Fubon Financial Holding Co. announced it plans to issue up to NT$2.2 billion of fixed-rate bonds in two tranches.

The tranche A notes will have a term of five years, and the tranche B notes will have a maturity of seven years.

This will be the company’s second issue of corporate bonds for 2018. The company had announced in June plans to issue up to NT$20 billion of corporate bonds for the year and sold NT$10 billion of bonds in August.

Proceeds from the second issue will be used to adjust the company’s financial structure and to repay debt.

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

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