Taiwan's Shin Kong Financial plans to sell NT$3 billion of debentures

By Jennifer Chiou

New York, April 29 - Shin Kong Financial Holding Co. Ltd. announced plans to issue NT$3 billion of subordinated financial debentures on behalf of Shin Kong Bank.

The five- to 10-year securities will have a face value of NT$10 million.

Proceeds will go toward enhancing the company's financial structure, improving capital adequacy ratios and raising stable mid- to long-term funds.

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

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