Taiwan’s First Commercial Bank plans to issue $300 million of bonds

By Marisa Wong

Madison, Wis., Oct. 16 – First Financial Holding Co. Ltd. announced that subsidiary First Commercial Bank plans to price $300 million of financial bonds in 2014 and 2015. The bank’s board of directors approved the proposed issuance on Thursday.

First Commercial plans to issue the bonds at par with a maturity of no more than 20 years.

Funds will be used to enhance long-term capital and prepare for future business development.

The financial company is based in Taipei, Taiwan.

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