Shin Kong Bank plans up to NT$3 billion subordinated debentures

By Rebecca Melvin

New York, April 1 – Shin Kong Financial Holding Co. Ltd. announced on behalf of Shin Kong Bank plans to issue up to NT$3 billion of perpetual non-cumulative subordinated financial debentures.

Each debenture will have a par value of NT$10 million

Proceeds will be used to raise mid-to-long-term capital and strengthen financial structure.

Shin Kong is an investment holding company based in Taipei, Taiwan.

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