By Marisa Wong
Morgantown, W.Va., March 17 – Hua Nan Financial Holdings Co., Ltd. priced NT$2.8 billion of perpetual non-cumulative subordinated financial bonds, according to a Taiwan Stock Exchange notice.
The 3.15% bonds are priced at par.
In January, the company announced plans to issue NT$6 billion of perpetual subordinated financial debentures.
Proceeds will be used for long-term and stable funding as well as to improve the company’s capital structure, as previously noted.
The financial services company is based in Taipei, Taiwan.
| Issuer: | Hua Nan Financial Holdings Co., Ltd.
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| Issue: | Perpetual non-cumulative subordinated financial bonds, 2017 first issue
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| Amount: | NT$2.8 billion
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| Maturity: | Perpetual
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| Coupon: | 3.15%
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| Price: | Par
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| Yield: | 3.15%
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| Settlement date: | March 30
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