Taiwan Business Bank plans NT$8 billion subordinated debentures

By Mary-Katherine Stinson

Lexington, Ky., March 15 – Taiwan Business Bank Co. plans to issue NT$8 billion, or its equivalent in other currencies, of long-term subordinated financial debentures, according to a notice.

The bonds will be issued at par with maturities of more than five years.

Proceeds will be used to enhance the bank’s financial structure and contribute to its capital adequacy ratio.

The bank is based in Taipei, Taiwan.

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