First Financial: ANNOUNCEMENT ON BEHALF OF THE SUBSIDIARY FCB ISSUANCE OF NT $ 10 BILLION FINANCIAL BONDS.
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Provided by: First Financial Holding Co. Ltd. |
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SEQ_NO |
3 |
Announcement date |
2021/11/26 |
Announcement time |
14:04:04 |
Topic |
ANNOUNCEMENT ON BEHALF OF SUBSIDIARY FCB ISSUANCE OF THE FINANCIAL BONDS NT$ 10 BILLION. |
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Date of events |
2021/11/26 |
What element he responds to |
paragraph 11 |
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Declaration |
1.Date of the board of directors resolution:NA 2.Name [issue no.__ of (secured, unsecured) corporate bonds of ___________ (company)]: FIRST BANK 2ND ISSUE OF PERPETUAL NON-CUMULATIVE SUBORDINATED,UNSECURED OF THE FINANCIAL BONDS 2021. 3.Total amount issued:NT$ 10 BILLION. 4.Face value per bond:NT$ 10 MILLION. 5.Issue price:PAR. 6.Issuance period:ISSUE DATE DEC 22, 2021. NO MATURITY DATE. 7.Coupon rate:ISSUE COUPON 1.40%. 8.Types, names, monetary values and stipulations of collaterals:NA 9.Use of the funds raised by the offering and utilization plan: STABILIZE THE BIS RATIO,ENHANCE THE LONG TERM CAPITAL AND PREPARE FOR FUTURE BUSINESS DEVELOPMENT. 10.Underwriting method:ENGAGED CONSULTANT. 11.Trustees of the corporate bonds:NA 12.Underwriter or agent:YUANTA SECURITIES CO.AND KGI SECURITIES CO. 13.Guarantor(s) for the issuance:NA 14.Agent for payment of the principal and interest: FCB BRANCHES. 15.Certifying institution:NA 16.Where convertible into shares, the rules for conversion:NA 17.Sell-back conditions:NA 18.Buyback conditions: AFTER 5 YEARS AND 7 MONTH OF ISSUANCE, ACCORDING TO SUBPARAGRAPH 5 OF PARAGRAPH 2 OF ARTICLE 10 OF ��REGULATIONS GOVERNING THE CAPITAL ADEQUACY AND CAPITAL CATEGORY OF BANKS��, SUBJECT TO THE PRIOR APPROVAL OF THE COMPETENT AUTHORITY AND ONE OF THE FOLLOWING CONDITIONS, THE DEBTS MAY BE REDEEMED BEFORE MATURITY.FIRST BANK WILL ANNOUNCE THE REDEMPTION 30 DAYS BEFORE THE SCHEDULED REDEMPTION DATE AND REDEEM THE DEBTS IN WHOLE AT FACE VALUE PLUS INTEREST PAYABLE. A. THE CAPITAL ADEQUACY RATIO OF THE BANK AFTER BEING REDEEMED SHALL MEET THE MINIMUM REGULATORY CAPITAL ADEQUACY RATIO. B. REPLACE THE ORIGINAL CAPITAL INSTRUMENT WITH A CAPITAL INSTRUMENT WITH EQUIVALENT OR HIGHER QUALITY. 19.Reference date for any additional share exchange, stock swap, or subscription:NA 20.Possible dilution of equity in case of any additional share exchange, stock swap, or subscription:NA 21.Any other matters that need to be specified: SUPPLEMENTARY ANNOUNCEMENT OF THE BOARD OF DIRECTORS RESOLUTION 2021/5/12. |
Disclaimer
First Financial Holding Co. Ltd. published this content on November 26, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 26, 2021 06:09:09 AM UTC.
Public now 2021
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Technical Analysis Trends FIRST FINANCIAL HOLDING CO., LTD.
Short term | Mid Road | Long term | |
Tendencies | Bullish | Bullish | Bullish |
Evolution of the income statement
To sell ![]() To buy |
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Average consensus | SOCKET |
Number of analysts | 8 |
Last closing price |
NT $ 23.80 |
Average price target |
TWD22.23 |
Spread / Average target | -6.58% |
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