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Fubon Financial to issue preferred shares

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Fubon Financial to issue preferred shares

Fubon FinancialHolding Co. Ltd. plans to raise NT$36 billion through an issuance of600 million preferred shares, the Taipei Timesreported April 8.

The preferred shares will be issued at NT$60 per share and willoffer an annual dividend yield of 4.1% in the first seven years, beginning April22 and ending April 21, 2023.

The company plans to use the proceeds from the issue to fundits operations and bolster its capital structure.

As of April 7, US$1 wasequivalent to NT$32.43.