The Board approved issuing plan of senior unsecured financial debentures up to NT$0.5 billion and subordinated debentures up to NT$ 2 billion.
· Issued by O-Bank Co. Ltd.
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Today's Information
Provided by: O-Bank Co., Ltd.
SEQ_NO
3
Date of announcement
2022/02/23
Time of announcement
18:21:29
Subject
The Board approved issuing plan of senior
unsecured financial debentures up to NT$0.5 billion
and subordinated debentures up to NT$ 2 billion.
Date of events
2022/02/23
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution: 2022/02/23
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]: The year 2022 plan for senior unsecured
and subordinated financial debentures.
3.Whether to adopt shelf registration (Yes/No):No
4.Total amount issued: Up to NT$ 0.5 billion (or the equivalent in foreign
currencies) senior unsecured financial debentures and up to NT$ 2 billion
(or the equivalent in foreign currencies) subordinated debentures.
5.Face value per bond: Depending on the market condition.
6.Issue price: Issue at 100% or at discount or in premium of the face value.
7.Issuance period: Except the perpetual non-cumulative subordinated
financial debenture, the tenor of subordinated financial debenture shall
not be less than 5 years, depending on market conditions.
8.Coupon rate: The interest rate can be either fixed or floating rate,
depending on the level of the market interest rate and the Bank's funding
conditions.
9.Types, names, monetary values and stipulations of collaterals: NA.
10.Use of the funds raised by the offering and utilization plan: Responding to
the sustainable development trend, O-Bank may issue sustainability bond
to finance the Bank's mid or long-term funding needs and to support the
BIS ratio as well.
11.Underwriting method: To be determined.
12.Trustees of the corporate bonds: To be determined.
13.Underwriter or agent: To be determined.
14.Guarantor(s) for the issuance: To be determined.
15.Agent for payment of the principal and interest: The Corporate Operation
Department of O-Bank will make payment to debenture holders.
16.Certifying institution: NA.
17.Where convertible into shares, the rules for conversion: NA.
18.Sell-back conditions: To be determined.
19.Buyback conditions: To be determined.
20.Reference date for any additional share exchange, stock swap, or
subscription: NA.
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription: NA.
22.Any other matters that need to be specified:
(1)Depending on actual needs, O-Bank may issue the financial debentures
in several tranches within one year after acquiring the approval from FSC.
(2)The chairman is authorized to decide the issuance terms depending on
actual needs.
