Taiwan’s Mega International plans up to $1 billion debentures

By Marisa Wong

Morgantown, W.Va., Feb. 24 – Mega Financial Holding Co. announced that subsidiary Mega International Commercial Bank Co. Ltd. plans to issue up to $1 billion of senior financial debentures within three years.

The debentures may be offered in multiple revolving tranches with maturities of up to 30 years.

They will be priced at par.

Proceeds will be used to diversify funding sources and enhance the company’s long-term working capital.

The Taipei-based issuer specializes in commercial and retail lending, venture capital investments, international trade finance, securities dealing, trust services and property/casualty insurance.

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