Fubon Bank (Hong Kong) Limited HK$800 Million Floating Rate Certificates of Deposit Issue (the “Issue”)
Fubon Bank (Hong Kong) LimitedHK$800 Million Floating Rate Certificates of Deposit Issue (the “Issue”)
Fubon Bank (Hong Kong) Limited (“Fubon Bank”) today closed the Issue with a group of 9 international and local banks in connection with a HK$800 Million Floating Rate Certificates of Deposit Issue (the “Issue”). The Issue was very well received by the banks and was oversubscribed at the general syndication stage. Fubon Bank decided to increase the Issue from HK$500 million to HK$800 million.
The Arranger Group consists of Arranger and Bookrunner, HSBC, together with two other Arrangers, namely: Dah Sing Bank, Limited and DZ BANK AG Hong Kong Branch. 6 banks joined as Co-Lead Managers and they are Banca Monte dei Paschi di Siena S.p.A., Hong Kong Branch, The Bank of East Asia, Limited, CALYON, DBS Bank Ltd., Hong Kong Branch, Industrial and Commercial Bank of China (Asia) Limited and Liu Chong Hing Bank Limited.
“The over-subscription reflects the positive view that the banking community has of Fubon Bank and its confidence in the future direction and development of the Bank after we adopted our new name earlier this month. The Bank will continue to expand and grow, with strong support from its parent, Fubon Financial Holding,” stated Mr. Horace Fan, Executive Vice President of Fubon Bank.
The 2 year Issue carries an interest margin of HIBOR + 0.15% per annum.
The proceeds of the Issue will be used for general corporate funding requirements of FBHK.
The syndicate group comprises the following banks and financial institutions:
| Amount (HK$) | |
|---|---|
| Arranger and Bookrunner HSBC |
300,000,000.00 |
| Arranger Dah Sing Bank, Limited DZ Bank AG Hong Kong Branch |
100,000,000.00 100,000,000.00 |
| Co-Lead Managers Banca Monte dei Paschi di Siena S.p.A. The Bank of East Asia, Limited CALYON DBS Bank Ltd., Hong Kong Branch Industrial and Commercial Bank of China (Asia) Limited Liu Chong Hing Bank Limited |
50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 |
| Total | 800,000,000.00 |
Fubon Bank is a full-service banking corporation in Hong Kong providing a wide range of banking and financial services including consumer finance, retail and commercial banking, leasing and investment services. Fubon Bank services its customers through 29 offices including Superbranches, Ambassador Centers and Securities Services Centers as well as ATMs, PhoneBanking, and e-banking service at www.fubonbank.com.hk. Fubon Bank is listed on The Stock Exchange of Hong Kong Limited and is rated A-3 short-term, BBB long-term by Standard & Poor’s. Fubon Financial Holding Co., Ltd acquired a 75% shareholding in the Bank in April 2004.
Member of Fubon Financial Holding Co., Ltd.
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