Taiwan's Taichung Commercial plans NT$6 billion of subordinated bonds

By Marisa Wong

Madison, Wis., March 13 - Taichung Commercial Bank Co., Ltd. said it plans to issue NT$6 billion of subordinated financial debentures in 2013.

The debentures will be offered at par in 51/2- to seven-year tranches.

Interest will be determined based on market conditions.

Proceeds will be used to strengthen the Taichung, Taiwan-based bank's capital structure and enhance its capital adequacy ratio.

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