By Marisa Wong
Morgantown, W.Va., March 15 – Taishin Financial Holding Co.’s subsidiary, Taishin International Bank, priced NT$5 billion of 2.45% perpetual subordinated debentures at par, according to a Taiwan Stock Exchange notice.
The bonds are callable five years and one month after the issue date.
Proceeds will be used to strengthen the bank’s capital structure and enhance its capital adequacy ratio.
The bank holding company is based in Taipei, Taiwan.
| Issuer: | Taishin International Bank
|
| Issue: | Subordinated financial debentures, 2019 first issue
|
| Amount: | NT$5 billion
|
| Maturity: | None
|
| Underwriter: | None
|
| Coupon: | 2.45%
|
| Price: | Par
|
| Yield: | 2.45%
|
| Call option: | Five years and one month after the issue date
|
| Announcement date: | March 15
|
| Settlement date: | March 28
|
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