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Taiwan’s Hua Nan Financial plans NT$6 billion subordinated perpetuals
By Marisa Wong
Morgantown, W.Va., Jan. 23 – Hua Nan Financial Holdings Co., Ltd. plans to issue NT$6 billion of perpetual subordinated financial debentures, according to a Taiwan Stock Exchange notice.
The bonds will be sold at par.
Proceeds will be used for long-term and stable funding as well as to improve the company’s capital structure.
The financial services company is based in Taipei, Taiwan.
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