By Marisa Wong
Madison, Wis., April 16 - Taishin Financial Holding Co. has issued NT$7 billion of subordinated corporate bonds in a non-underwritten public offering, according to a company announcement.
The bonds were priced at par with a maturity of seven years and a fixed coupon of 2%.
This is the company's first issue of unsecured subordinated corporate bonds for 2012.
Funds from the offering will be used to replenish working capital for future bond redemptions, to strengthen capital structure and to enhance the capital adequacy ratio.
Taishin Financial is the Taipei, Taiwan-based holding company of Dah An Commercial Bank and Taishin International Bank.
| Issuer: | Taishin Financial Holding Co.
|
| Issue: | Subordinated corporate bonds
|
| Amount: | NT$7 billion
|
| Maturity: | 2019
|
| Coupon: | 2%
|
| Price: | Par
|
| Yield: | 2%
|
| Underwriter: | None
|
| Announcement date: | April 16
|
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