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Fitch: Taiwan's Bank of Kaohsiung to issue NT$1.5B of bonds

Taiwan-based Bank of Kaohsiung Co. Ltd. plans to issue NT$1.5 billion worth of subordinated unsecured bonds, Fitch Ratings said March 5.

The Basel III-compliant Tier 2 bonds will mature March 15, 2025.

Bank of Kaohsiung will use the proceeds from the issuance for general corporate purposes.

As of March 5, US$1 was equivalent to NT$29.29.