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Taiwan’s Ta Chong Bank proposes NT$6 billion of debentures
By Marisa Wong
Madison, Wis., Jan. 22 – Ta Chong Bank, Ltd. plans to issue NT$6 billion of debentures, according to a Taiwan Stock Exchange notice.
The subordinated debt will have a maturity of up to 10 years.
The coupon may be fixed or floating. Pricing terms have yet to be determined.
The Taipei, Taiwan, bank said it is raising funds to improve its overall financial structure.
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