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Taiwan’s KGI Bank plans up to $800 million senior debentures
By Marisa Wong
Morgantown, W.Va., Oct. 22 – KGI Bank is planning to issue up to $800 million of senior financial debentures, according to an announcement from parent company China Development Financial Holding Corp.
The bank is planning to issue the debentures on a revolving basis for a period of up to 10 years.
The debentures will have a maturity of up to 30 years and will be callable.
Proceeds will be used to support business development and to enhance funding liquidity.
The bank is based in Taipei, Taiwan.
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