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.
