By Marisa Wong
Madison, Wis., Jan. 20 – CTBC Bank Co., Ltd. priced $257 million of zero-coupon senior financial debentures at par, according to a Taiwan Stock Exchange announcement.
The 30-year debentures have an internal rate of return of 4.12% and are callable.
This is the bank’s first issue of senior financial debentures for 2015.
Proceeds from the non-underwritten offering will be used for the bank’s lending business and to stabilize its medium- and long-term working capital.
The bank is based in Taipei, Taiwan.
| Issuer: | CTBC Bank Co., Ltd.
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| Issue: | Senior financial debentures
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| Amount: | $257 million
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| Maturity: | 30 years
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| Coupon: | 0%
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| Price: | Par
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| IRR: | 4.12%
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| Call option: | Yes
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| Underwriter: | None
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| Announcement date: | Jan. 19
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