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First Financial to raise NT$10B in bond issue

First Financial Holding Co. Ltd. plans to raise NT$10 billion through the issuance of subordinated bonds.

The 10-year bonds carry an annual interest rate of 1.50%, the company said Oct. 3.

The company said it will use proceeds to repay bank loans and outstanding commercial paper.

As of Oct. 3, US$1 was equivalent to NT$30.72.