By Marisa Wong
Los Angeles, Dec. 20 – Taiwan Cooperative Bank priced NT$5 billion of non-cumulative perpetual subordinated financial debentures, according to a notice.
The debentures were priced at par with a fixed coupon of 1.45%.
The debentures are conditionally callable after five years and one month.
Funds will be used to improve the bank’s capital structure.
The bank is based in Taipei, Taiwan.
| Issuer: | Taiwan Cooperative Bank
|
| Issue: | Non-cumulative perpetual subordinated financial debentures, 2019 third issue
|
| Amount: | NT$5 billion
|
| Maturity: | Perpetual
|
| Coupon: | 1.45%
|
| Price: | Par
|
| Yield: | 1.45%
|
| Call option: | Conditionally after five years and one month
|
| Put option: | None
|
| Announcement date: | Dec. 20
|
| Settlement date: | Dec. 31
|
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