By Marisa Wong
Madison, Wis., July 9 - Fubon Financial Holding Co. announced that Taipei Fubon Bank issued NT$4.25 billion of subordinated financial debentures in two tranches.
Taipei Fubon priced NT$3.75 billion of seven-year bonds and NT$500 million of 10-year bonds at par.
The seven-year bonds have a coupon of 1.52%, and the 10-year bonds have a coupon of 1.7%.
This is the bank's first issue of subordinated financial debentures for 2013.
Proceeds from the non-underwritten offering will be used to meet mid- or long-term funding needs and to raise the BIS ratio.
Fubon Financial is a financial services company based in Taipei, Taiwan.
Issuer: | Taipei Fubon Bank
|
Issue: | Subordinated financial debentures
|
Amount: | NT$4.25 billion
|
Underwriter: | None
|
Announcement date: | July 9
|
Settlement date: | Aug. 1
|
|
Seven-year bonds
|
Amount: | NT$3.75 billion
|
Maturity: | Aug. 1, 2020
|
Coupon: | 1.52%
|
Price: | Par
|
Yield: | 1.52%
|
|
10-year bonds
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Amount: | NT$500 million
|
Maturity: | Aug. 1, 2023
|
Coupon: | 1.7%
|
Price: | Par
|
Yield: | 1.7%
|
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