Fubon Financial Holding Co., Ltd. on Behalf of Taipei Fubon Bank has announced the issuance of perpetual non-cumulative subordinated financial debentures for the year 2026, with a total issuance amount of up to TWD 20 billion, or its equivalent in other currencies, to be determined per tranche based on prevailing market liquidity conditions. Each debenture has a face value of TWD 10 million or integral multiples thereof, with issue price at 100% of face value or at a discount or premium depending on market conditions. The issuance period is perpetual, and the coupon rate can be fixed, floating, zero, or structured according to market conditions.
No collaterals or guarantors are involved, and the funds raised are intended to meet mid- to long-term funding needs, enhance capital adequacy ratios, and strengthen the bank?s asset-liability structure. The underwriting method and underwriter or agent are yet to be determined, and Taipei Fubon Bank or a designated agent will handle payment of principal and interest. The debentures are not convertible into shares, have no sell-back conditions, and may be redeemed or bought back by the bank if they meet conditions under the ?Regulations Governing the Capital Adequacy and Capital Category of Banks.?
The bank may issue the debentures in installments within one year following approval by the Financial Supervisory Commission. Trustees and certifying institutions are not involved, and there are no provisions for potential equity dilution or additional share exchanges.
