By Marisa Wong
Morgantown, W.Va., Oct. 20 – Taishin Financial Holding Co. priced NT$8 billion of subordinated corporate bonds, according to a Taiwan Stock Exchange announcement.
The 10-year bonds are priced at par with a fixed coupon of 1.9%.
Taishin Securities Co., Ltd. is the underwriter.
Proceeds from the public offering will be used to redeem the company’s 2010 first and second issues of subordinated corporate bonds at their maturity.
The bank holding company is based in Taipei, Taiwan.
| Issuer: | Taishin Financial Holding Co.
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| Issue: | Subordinated corporate bonds, 2017 first issue
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| Amount: | NT$8 billion
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| Maturity: | Oct. 26, 2027
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| Coupon: | 1.9%
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| Price: | Par
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| Yield: | 1.9%
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| Underwriter: | Taishin Securities Co., Ltd.
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| Call option: | No
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| Put option: | No
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| Announcement date: | Oct. 20
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| Settlement date: | Oct. 26
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