Taiwan’s KGI Bank plans up to NT$10 billion subordinated debentures

By Marisa Wong

Morgantown, W.Va., Oct. 25 – KGI Bank is planning to issue up to NT$10 billion of non-cumulative perpetual subordinated debentures and subordinated financial debentures with maturities of at least five years, according to an announcement from parent company China Development Financial Holding Corp.

The amount of perpetual debentures will be capped at NT$5 billion.

Proceeds will be used to support business development and to enhance the bank’s BIS ratio.

The bank 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.