1. Board Resolution Date: NA 2. Name (XX Company's Xth Secured/Unsecured Corporate Bond): Fubon Bank (Hong Kong) Limited Tier 2 Subordinated Notes 3. Is the issuance of corporate bonds under a blanket registration statement? (Yes/No): No 4. Total Issuance Amount: USD 300 million 5. Face Value per Note: USD 250,000 6. Issue Price: 99.641 7. Tenor: 10 years 8. Interest Rate: Years 1–5: 5.375%; From Year 5 onward: Reset at the then-current 5-year U.S. Treasury yield plus a fixed initial spread of 1.23% 9. Collateral Type, Name, Amount, and Terms: None 10. Use of Proceeds and Funding Plan: To optimize the bank's capital structure and enhance capital strength, thereby promoting sustainable growth and development of banking operations. 11. Underwriting Method: Sold outside the United States in accordance with Regulation S under the U.S. Securities Act of 1933. 12. Trustee: The Bank of New York Mellon, London Branch 13. Underwriting or Distribution Institutions: Credit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, and UBS AG Hong Kong Branch 14. Issuance Guarantor: None 15. Agent for Principal and Interest Payments: The Bank of New York Mellon, London Branch 16. Signing Institution: Not applicable 17. Conversion into Shares, if applicable: Not applicable 18. Put Option Terms: None 19. Call Option Terms: Full redemption permitted on July 14, 2031. Additional optional redemptions are allowed for tax, tax withholding, and regulatory reasons. In all cases, the redemption amount shall be the outstanding principal plus accrued interest up to (but excluding) the redemption date, subject to adjustments following a Non-Viability Event. All redemptions require prior written consent from the Hong Kong Monetary Authority. 20. Share Conversion Benchmark Date, if applicable: Not applicable 21. Potential Equity Dilution, if applicable: Not applicable 22. Justification and Necessity of Fundraising after Cash Capital Reduction (applicable if cash capital reduction was conducted in the current or prior year): Not applicable 23. Other Matters to be Disclosed: The notes will be subject to principal write-down upon the occurrence of a Non-Viability Event as stipulated in the contractual terms. The issuance terms explicitly state that note holders acknowledge and agree to be bound by the powers conferred under Hong Kong's Financial Institutions (Resolution Regime) Ordinance (Cap. 628) and its amendments or successor legislation. The notes will be submitted for listing on The Stock Exchange of Hong Kong Limited and for approval of trading as debt securities offered solely to professional investors.

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  • Source: PR Times
  • Category: Funding
  • Organizations: The Bank of New York Mellon / Credit Agricole Corporate and Investment Bank / HSBC