Taiwan’s Taichung Commercial eyes NT$5 billion subordinated debentures

By Marisa Wong

Los Angeles, July 15 – Taichung Commercial Bank Co., Ltd. plans to issue NT$5 billion of long-term subordinated financial debentures in multiple tranches, according to a Taiwan Stock Exchange notice.

The debentures will be sold at par. The coupon may be fixed or floating.

The debentures will have a term of up to 10 years, depending on market conditions.

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

The bank is based in Taichung, Taiwan.

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