Taiwan Shin Kong Commercial Bank Co. Ltd. plans to raise NT$2.5 billion through an issuance of subordinated financial debentures.
The 10-year debentures were priced with a coupon of 1.62%. They will be issued June 28.
The proceeds from the issuance will be used to raise medium- to long-term capital and to enhance the bank's financial structure.
Taiwan Shin Kong Commercial Bank is a unit of Shin Kong Financial Holding Co. Ltd.
As of May 25. US$1 was equivalent to NT$29.97.
