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Cathay FHC plans to issue unsecured sub debt

11th Aug 2009 12:06

RNS Number : 2455X
Cathay Financial Hldg Co Ld
11 August 2009
 



Subject: Cathay FHC plans to issue unsecured subordinated bonds in the maximum  

amount of NT$20 billion

To which item it meets--article 2 paragraph xx:11

Date of events: 2009/08/11

Contents:

1. Date of the board of directors resolution: 2009/08/11

2.Name __nth issue of (secured, unsecured) corporate bonds of ___ Co.:

The first issue of unsecured subordinated bonds of Cathay FHC in 2009

3.Total amount of the issue: Maximum amount of NT$ 20 billion

4.Face value: NT$ 1,000,000

5.Issue price:100% issue at face value

6.Issue period: Seven years

7.Issue coupon/interest rate: To be determined according to market interest rate. The 

 interest rate can be fixed rate or floating rate

8.Types, names, monetary amounts of security or collateral and stipulations 

thereupon: None

9.Use of the funds raised by the offering and utilization plan:

Increase the capital adequacy ratio of the company, strengthen financial structure, investment in subsidiaries and future demand of capital for acquisition 

10.Underwriting method: Authorize the Chairman of the Board to decide

11.Trustees for the bonds: Authorize the Chairman of the Board to decide

12.Underwriter or distributing agent institution:

Authorize the Chairman of the Board to decide

13.Guarantor(s) for the issue: None

14.Institution serving as agent for payment of the principal and interest:

Authorize the Chairman of the Board to decide

15.Certifying institution: None

16.Where convertible into shares, the rules for conversion: N/A

17.Resale conditions: N/A

18.Repurchase conditions: N/A

19.The record date for share conversion, if conversion, exchange, or

subscription rights are attached: N/A

20.Possible dilution of equity, if conversion, exchange, or subscription

rights are attached: N/A

21.Any other matters that need to be specified: N/A

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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