Fubon Financial announced that its Singapore subsidiary, Fubon Life Singapore Pte. Ltd., has decided to issue cumulative subordinated bonds with a maturity of 10 years or more. The total issuance amount is capped at the USD equivalent of NT$20 billion. The proceeds will be used to bolster Fubon Life's operating capital, strengthen its financial and capital structure, and maintain capital adequacy. The bonds will be listed and traded on the Singapore Exchange.
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- Source: CNA (Central News Agency)
- Category: Corporate Finance