2891 CTBC Financial Holding: Issuance of NT$9.6 Billion Financial Bonds by CTBC Bank

CTBC Financial Holding announced that its subsidiary, CTBC Bank, will issue NT$9.6 billion in perpetual non-cumulative subordinated financial bonds for the 115th fiscal year, 50th series. The bonds carry a fixed annual interest rate of 4.50% and are set to be issued on June 4, 115. The proceeds will be used to strengthen capital and financial structure and to replenish operating funds. The bank reserves the right to redeem the bonds after 7 years, subject to regulatory approval and specific capital adequacy conditions.