By Marisa Wong
Morgantown, W.Va., Nov. 13 – Fubon Financial Holding Co. announced that subsidiary Taipei Fubon Bank priced $100 million of 30-year zero-coupon senior financial debentures at par with a 4.1% internal rate of return.
This is the company’s fifth issue of senior financial debentures for 2017.
Proceeds from the non-underwritten offering will be used to support business development, improve liquidity and diversify the bank’s funding resources.
Fubon Financial is a financial services company based in Taipei, Taiwan.
| Issuer: | Taipei Fubon Bank
|
| Issue: | Senior financial debentures
|
| Amount: | $100 million
|
| Maturity: | Dec. 4, 2047
|
| Coupon: | 0%
|
| Price: | Par
|
| IRR: | 4.1%
|
| Announcement date: | Nov. 13
|
| Settlement date: | Dec. 4
|
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