Taiwan’s Taichung Commercial plans NT$1.5 billion perpetual bonds

By Marisa Wong

Madison, Wis., June 17 – Taichung Commercial Bank announced it plans to issue NT$1.5 billion of perpetual subordinated financial debentures this year.

The bonds will be issued at par. The coupon will be set based on the prevailing market rate.

Proceeds will be used to strengthen the bank’s capital structure and enhance its capital adequacy ratios.

The bank is based in Taichung, Taiwan.

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