By Marisa Wong
Madison, Wis., May 20 – Hua Nan Bank priced NT$3.2 billion of perpetual non-cumulative subordinated financial bonds, according to a Taiwan Stock Exchange notice.
The bonds were priced at par with a fixed coupon of 3.3%.
The bank announced in March that it planned to issue NT$10 billion of non-cumulative perpetual subordinated financial debentures.
The Taipei, Taiwan-based bank will use proceeds for long-term and stable funding and to improve its capital structure.
| Issuer: | Hua Nan Bank
|
| Issue: | Non-cumulative subordinated financial bonds
|
| Amount: | NT$3.2 billion
|
| Maturity: | Perpetual
|
| Coupon: | 3.3%
|
| Price: | Par
|
| Yield: | 3.3%
|
| Call option: | In whole after five years
|
| Announcement dates: | March 13, May 20
|
| Settlement date: | May 28
|
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