SinoPac China unit preps RMB 1 billion three-year debenture offering

Chicago, Oct. 31 – SinoPac Financial Holdings Co., Ltd. announced that Bank SinoPac (China) Ltd. is seeking to place RMB 1 billion equivalent of three-year debentures, according to a notice.

The details have not yet been determined, including the price or the coupon.

Proceeds will be used to optimize the structure of medium and long-term assets and liabilities, increase and stabilize the sources of medium and long-term liabilities, and support the development of medium and long-term assets and can also be used for lending to small and micro enterprises and green industries.

SinoPac is a Taipei, Taiwan-based banking and securities company.

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