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Fubon Financial Unit to Issue Up to NT$2.5 Billion Bonds

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Fubon Financial (TPE:2881) unit Fubon Futures plans to issue up to NT$2.5 billion in secured subordinated corporate bonds to strengthen its financial structure and increase its adjusted net capital ratio.

The bonds may be issued in one or more tranches with maturities of up to 10 years, according to the company's filing on Monday.

The debt will be issued at face value of NT$1 million per bond and will be guaranteed by a bank, while the coupon rate and other issuance terms will be determined later.

Fubon Futures plans to apply for the bonds to be listed for trading on the Taipei Exchange, the filing said.

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