Fitch rates Standard Chartered (Taiwan) bond AAA(twn)

Fitch Ratings said it assigned Standard Chartered Bank (Taiwan) Ltd.'s proposed NTS 8.3 billion senior bonds a AAA(twn) national long-term rating. The bond will be issued in three tranches, will carry floating and fixed coupon rates and mature on Jan. 17 of 2014 and 2015.

The national long-term rating is AAA(twn).

The outlook is stable.

Standard Chartered Bank (AA-/stable) acquired the bank in 2006 and renamed it, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.