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Shin Kong Financial Holding Co Ltd Updates Subsidiary's Subordinated Bonds Issue Plan


Friday, 21 Dec 2012 05:51am EST 

Shin Kong Financial Holding Co Ltd announced that its subsidiary, Taiwan Shin Kong Commercial Bank Co., Ltd, has updated its subordinated bonds issue plan. According to the new plan, the subsidiary will issue the first tranche of two types of subordinated bonds worth NTD 4 billion for fiscal year 2012, each with par value of NTD 10 million. Type A of the bonds, worth totally NTD 1 billion, are each with a fixed interest rate of 1.51% and will be matured on December 28, 2019; type B of the bonds, worth NTD 3 billion, are each with a fixed interest rate of 1.63%, and will be matured on December 28, 2022. 

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