By Marisa Wong
Morgantown, W.Va., Feb. 7 – Hua Nan Financial Holdings Co., Ltd. announced that subsidiary Hua Nan Commercial Bank priced NT$3.2 billion of 2.7% perpetual non-cumulative subordinated financial bonds at par.
The bonds will be issued on Feb. 26, according to a Taiwan Stock Exchange notice.
The bonds will be callable five years and three months after issuance.
Proceeds will be used for long-term and stable funding as well as to improve the company’s capital structure.
The financial services company is based in Taipei, Taiwan.
| Issuer: | Hua Nan Commercial Bank
|
| Issue: | Perpetual non-cumulative subordinated financial bonds, 2018 first issue
|
| Amount: | NT$3.2 billion
|
| Maturity: | Perpetual
|
| Coupon: | 2.7%
|
| Price: | Par
|
| Yield: | 2.7%
|
| Call option: | After five years and three months
|
| Put option: | None
|
| Settlement date: | Feb. 26
|
© 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.
