By Marisa Wong
Madison, Wis., July 26 - Fubon Financial Holding Co. announced the issue of NT$2.45 billion of subordinated financial debentures on behalf of Taipei Fubon Bank.
The seven-year debentures priced at par with a coupon of 1.7%.
Proceeds will be used to meet mid- or long-term funding needs or to raise the BIS ratio.
This is the bank's second issue of subordinated financial debentures in 2011.
Fubon Financial is a financial services company based in Taipei, Taiwan.
| Issuer: | Taipei Fubon Bank
|
| Issue: | Subordinated financial debentures
|
| Amount: | NT$2.45 billion
|
| Maturity: | Aug. 5, 2018
|
| Coupon: | 1.7%
|
| Price: | Par
|
| Yield: | 1.7%
|
| Pricing date: | July 26
|
| Settlement date: | Aug. 5
|
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