Fubon Hyundai Life readies KRW 98 billion 7.28% 10-year subordinated bond sale

Chicago, June 13 – Fubon Financial Holding Co. announced that Fubon Hyundai Life Insurance Co. is planning to sell KRW 98 billion of 7.28% subordinated bonds with a 10-year tenor.

The bonds will be redeemable after five years.

The interest rate will reset after five years.

Shinhan Securities will be the underwriter.

Proceeds will be used to strengthen the company’s financial structure and meet the requirements of the business plan.

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

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