Fubon Bank (Hong Kong) Limited today launched US$1 billion Euro Medium Term Note (EMTN) Programme together with its inaugural issue of US$ 100 million 3-year senior unsecured Floating Rate Note, as part of the Bank’s EMTN Programme.
The Arranger for the EMTN Programme is Standard Chartered Bank. In addition to Standard Chartered Bank, dealers also include Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, DBS Bank Ltd, Hong Kong Branch, Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities Ltd., Nomura International PLC.
Terms of the Note | |
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Issuer | Fubon Bank (Hong Kong) Limited |
Sole Lead and Sole Books | Standard Chartered Bank |
Issue Rating | BBB+ / Stable (S&P) |
Type of Issue | Floating Rate Note |
Format | Reg. S |
Size | US$ 100 million |
Tenor | Three Years |
Mr. Horace Fan, Executive Vice President of Fubon Bank (Hong Kong) Limited said, “The program not only provides general funding for Fubon Bank, but also further diversifies the sources of cost-effective funding for the bank. The issue also provides an opportunity for international bond investors to participate in the growth of the bank as it moves further towards fulfilling its role as the product platform for the Fubon Financial group.”
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, equipment leasing and investment services. Fubon Bank services its customers through 28 service outlets 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-2 short-term, BBB+ long-term by Standard & Poor’s. Fubon Financial Holding Co., Ltd., a leading Taiwan financial institution, acquired a 75% shareholding in Fubon Bank in April 2004.