Taiwan’s Taishin Financial gets approval for NT$7 billion bonds

By Marisa Wong

Morgantown, W.Va., March 29 – Taishin Financial Holding Co. said its board of directors approved an issuance of up to NT$7 billion of subordinated corporate bonds, its first issue for 2018.

The bonds may be issued in one or more tranches with maturities of seven to 15 years.

The bonds will be sold at par through a public offering.

Proceeds will be used to redeem the company’s first and second issue bonds of 2011 at their maturity.

The bank holding company is based in Taipei, Taiwan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.