Bank of Kaohsiung Announces the plan of issuing NT$ 2 billion non-cumulative perpetual subordinated financial debentures.
· Issued by Bank of Kaohsiung Co., Ltd.
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Today's Information
Provided by: BANK OF KAOHSIUNG,CO.,LTD.
SEQ_NO
2
Date of announcement
2021/12/24
Time of announcement
17:39:00
Subject
Announces the plan of issuing NT$ 2 billion
non-cumulative perpetual subordinated financial
debentures.
Date of events
2021/12/24
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2021/12/24
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:BOK issues of non-cumulative perpetual subordinated
financial debentures.
3.Total amount issued:Up to NT$ 2 billion.
4.Face value per bond:To be determined, subject to the market situation.
5.Issue price:To be determined, subject to the market situation.
6.Issuance period:No maturity date.
7.Coupon rate:To be determined, subject to the market situation.
8.Types, names, monetary values and stipulations of collaterals:None.
9.Use of the funds raised by the offering and utilization plan:
To enhance the financial structure and contribute to the Bank's Capital
Adequacy Ratio.
10.Underwriting method:To be determined.
11.Trustees of the corporate bonds:To be determined.
12.Underwriter or agent:To be determined.
13.Guarantor(s) for the issuance:None.
14.Agent for payment of the principal and interest:Business Department of BOK.
15.Certifying institution:None.
16.Where convertible into shares, the rules for conversion:Not applicable.
17.Sell-back conditions:None.
18.Buyback conditions:After five years of issuance, Bank of Kaohsiung may
redeem the debts of whole principal together with any interest payment
subject to regulator's approval, meet one of the following conditions,
1.provided that the bank's post-redemption BIS ratio is above the legal
requirement,2.The original capital instruments are replaced with equal or
higher quality capital instruments. The issuer shall promptly notify such
early redemption 30 days ahead of time.
19.Reference date for any additional share exchange, stock swap, or
subscription:Not applicable.
20.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:Not applicable.
21.Any other matters that need to be specified:In installments within the
approved period after obtaining FSC's approval.
