Union Bank of Taiwan Announces the Plan of Issuing NTD 3 Billion Perpetual Non-Cumulative Subordinated Financial Debentures
January 27, 2021 at 05:27 am EST
Union Bank of Taiwan Announced the plan of issuing NTD 3 Billion perpetual non-cumulative subordinated financial debentures. Total amount issued: NTD 3 Billion.
Face value per bond: NTD 1 Million. Issue price:Issue at 100% of face value. Issuance period:No maturity date. Coupon rate:Will be determined by market and funding of the bank conditions. Types, names, monetary values and stipulations of collaterals:None Use of the funds raised by the offering and utilization plan:
To enhance the financial structure and contribute to the Bank’s Capital Adequacy Ratio.