First Financial Holding's Subsidiary First Bank Announces Plan to Apply for Issuance of Unsecured Subordinated Financial Bonds with a Limit of NTD 20 Billion
First Bank, a subsidiary of First Financial Holding, plans to apply for the issuance of unsecured subordinated financial bonds, with an approved limit of NTD 20 billion. The board of directors approved this plan on April 17, 2026. These bonds, with a maturity of up to 30 years, aim to maintain capital adequacy, stabilize long-term funding, and support business growth.
📋 Article Processing Timeline
- 📰 Published: April 17, 2026 at 09:00
- 🔍 Collected: April 18, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 18, 2026 at 08:33 (33 min after Collected)
1. Date of board resolution: 2026/04/17.
2. Name (XX Company's Xth (secured/unsecured) corporate bonds): First Bank's 2026 unsecured subordinated financial bonds.
3. Is it a shelf registration for corporate bonds (Yes/No): No.
4. Total issuance amount: NTD 20 billion.
5. Face value per bond: NTD 10 million.
6. Issuance price: Issued at par value.
7. Issuance period: Unsecured long-term subordinated financial bonds or unsecured non-cumulative subordinated financial bonds without maturity, within 30 years, depending on actual business needs.
8. Issuance interest rate: Depends on market conditions at the time.
9. Type, name, amount, and agreed terms of collateral: None.
10. Use of proceeds and utilization plan: To maintain capital adequacy ratio, enhance long-term stable funding sources, and support business development.
11. Underwriting method: Undetermined.
12. Corporate bond trustee: None.
13. Underwriting or sales agent: Undetermined.
14. Issuance guarantor: None.
15. Principal and interest repayment agent: First Bank business units.
16. Certification institution: Undetermined.
17. If convertible into shares, the conversion method: None.
18. Put option terms: Undetermined.
19. Call option terms: Undetermined.
20. If attached with conversion, exchange, or subscription rights, the share conversion record date: None.
21. If attached with conversion, exchange, or subscription rights, the possible dilution of equity: None.
22. Other matters to be specified: First Bank will apply to the Financial Supervisory Commission for the issuance limit. After approval, it will be issued in one or multiple tranches as needed.
2. Name (XX Company's Xth (secured/unsecured) corporate bonds): First Bank's 2026 unsecured subordinated financial bonds.
3. Is it a shelf registration for corporate bonds (Yes/No): No.
4. Total issuance amount: NTD 20 billion.
5. Face value per bond: NTD 10 million.
6. Issuance price: Issued at par value.
7. Issuance period: Unsecured long-term subordinated financial bonds or unsecured non-cumulative subordinated financial bonds without maturity, within 30 years, depending on actual business needs.
8. Issuance interest rate: Depends on market conditions at the time.
9. Type, name, amount, and agreed terms of collateral: None.
10. Use of proceeds and utilization plan: To maintain capital adequacy ratio, enhance long-term stable funding sources, and support business development.
11. Underwriting method: Undetermined.
12. Corporate bond trustee: None.
13. Underwriting or sales agent: Undetermined.
14. Issuance guarantor: None.
15. Principal and interest repayment agent: First Bank business units.
16. Certification institution: Undetermined.
17. If convertible into shares, the conversion method: None.
18. Put option terms: Undetermined.
19. Call option terms: Undetermined.
20. If attached with conversion, exchange, or subscription rights, the share conversion record date: None.
21. If attached with conversion, exchange, or subscription rights, the possible dilution of equity: None.
22. Other matters to be specified: First Bank will apply to the Financial Supervisory Commission for the issuance limit. After approval, it will be issued in one or multiple tranches as needed.
FAQ
What type of financial bonds is First Bank applying to issue?
Unsecured subordinated financial bonds.
What is the purpose of issuing these financial bonds?
The purpose is to maintain capital adequacy ratio, enhance long-term stable funding sources, and support business development.