[Fubon Financial Holding] Announcement on behalf of subsidiary Fubon Bank (Hong Kong) Limited regarding the acquisition of Asset-Backed Securities
Fubon Bank (Hong Kong) is investing up to $75 million in sustainable Asset-Backed Securities issued by Bayfront IABS VIII Pte Ltd, acquired from Societe Generale.
📋 Article Processing Timeline
- 📰 Published: April 22, 2026 at 09:00
- 🔍 Collected: April 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 23, 2026 at 12:40 (4h 39m after Collected)
1. Name and nature of the underlying asset: Asset-Backed Securities issued by Bayfront IABS VIII Pte Ltd
2. Date of occurrence of the event: 2026/04/22 to 2026/04/22
3. Date of board of directors' approval: Not applicable
4. Other approval dates: Credit Committee on April 22, 2026
5. Transaction volume, unit price, and total transaction amount: Volume: None. Unit price: None. Total transaction amount: Not exceeding USD 75,000,000
6. Transaction counterparty and its relationship with the Company: SOCIETE GENERALE SA, a non-related party
7. If the counterparty is a related party, reasons for choosing them...: Not applicable
11. Terms of delivery or payment: Single payment upon settlement. Contractual restrictions: None.
12. Decision method, reference basis for price, and decision-making unit: Method: According to securities issuance terms. Reference: Market prices. Decision unit: Authorized per company limits.
14. Accumulated holding amount: Not exceeding USD 75,000,000.
15. Ratio of securities investment to total assets...: 26.41%; 31.97%; Not applicable
17. Specific purpose or use of acquisition: Investment in asset-backed securities with sustainability elements to achieve a reasonable return.
19. Is this a related-party transaction: No
27. Transactions with the counterparty in the past and future year: Past year: Subscribed USD 30,000,000 in ABS from Bayfront IABS VII via the same counterparty on Nov 18, 2025. Future year: Dependent on market conditions and company strategy.
28. Source of funds: Working capital
30. Other matters: Further announcement will be made once the transaction amount is confirmed.
2. Date of occurrence of the event: 2026/04/22 to 2026/04/22
3. Date of board of directors' approval: Not applicable
4. Other approval dates: Credit Committee on April 22, 2026
5. Transaction volume, unit price, and total transaction amount: Volume: None. Unit price: None. Total transaction amount: Not exceeding USD 75,000,000
6. Transaction counterparty and its relationship with the Company: SOCIETE GENERALE SA, a non-related party
7. If the counterparty is a related party, reasons for choosing them...: Not applicable
11. Terms of delivery or payment: Single payment upon settlement. Contractual restrictions: None.
12. Decision method, reference basis for price, and decision-making unit: Method: According to securities issuance terms. Reference: Market prices. Decision unit: Authorized per company limits.
14. Accumulated holding amount: Not exceeding USD 75,000,000.
15. Ratio of securities investment to total assets...: 26.41%; 31.97%; Not applicable
17. Specific purpose or use of acquisition: Investment in asset-backed securities with sustainability elements to achieve a reasonable return.
19. Is this a related-party transaction: No
27. Transactions with the counterparty in the past and future year: Past year: Subscribed USD 30,000,000 in ABS from Bayfront IABS VII via the same counterparty on Nov 18, 2025. Future year: Dependent on market conditions and company strategy.
28. Source of funds: Working capital
30. Other matters: Further announcement will be made once the transaction amount is confirmed.