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Prospect News home > News index > List of issuers B > Headlines for Bank SinoPac > News item
Published on 5/20/2011 in the Prospect News Emerging Markets Daily.

Taiwan's Bank SinoPac plans to issue up to NT$10 billion debentures

By Marisa Wong

Madison, Wis., May 20 - SinoPac Holdings announced on behalf of Bank SinoPac the proposed issue of up to NT$10 billion of subordinated financial debentures in 2011 and 2012.

The interest rates and maturities have yet to be set and are subject to the market situation.

Proceeds will be used to improve the BIS ratio and provide a mid/long-term funding resource for the capital needs of SinoPac subsidiaries.

SinoPac is a Taipei, Taiwan-based banking and securities company.


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