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Taipei Fubon Commercial Bank to raise NT$1B in debt issue

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Taipei Fubon Commercial Bank to raise NT$1B in debt issue

Fubon Financial Holding Co. Ltd. unit Taipei Fubon Commercial Bank Co. Ltd. plans to raise NT$1 billion through the issuance of senior unsecured financial debentures.

The two-year bonds will carry an annual coupon rate of 0.67%, according to a Feb. 5 release.

Funds raised from the issuance will be used to finance green project lending.

As of Feb. 5, US$1 was equivalent to NT$29.34.