Hua Nan eyes offering of up to NT$10 billion financial bonds

By William Gullotti

Buffalo, N.Y., Sept. 25 – Taiwan’s Hua Nan Financial Holdings Co., Ltd. is considering offering up to NT$10 billion of unsecured financial bonds via subsidiary Hua Nan Commercial Bank, according to a notice on Monday.

The subsidiary will issue the bonds at par, with the par value, coupon, tenor and other relevant details determined by market conditions.

The proposed bonds will be issued over a revolving issuance period not to exceed 10 years, with proceeds intended to support lending plans in favor of green investment project and social benefits.

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

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