CTBC Bank Issues NT$10.4B Series 150 Unsecured Subordinated Financial Debentures (2026)
Original: 本公司代子公司中國信託商業銀行公告發行 一一五年度第一百五十期無擔保次順位金融債券 新臺幣104億元整(補充115/03/27公告)
Summary
CTBC Financial Holding (2891) announced, on behalf of its subsidiary CTBC Bank Co., Ltd., the issuance of NT$10.4 billion in unsecured subordinated financial debentures, designated as the 150th series for ROC fiscal year 2026. This filing supplements a prior disclosure dated March 27, 2026 (ROC: 115/03/27), likely adding final pricing or settlement details. Subordinated bank bonds of this size are significant to investors as they constitute Tier 2 regulatory capital and affect the bank's capital adequacy ratios. Full body available on MOPS.
Full Translation
Subject (translated): On behalf of its subsidiary CTBC Bank Co., Ltd. (中國信託商業銀行), [CTBC Financial Holding Co., Ltd.] hereby announces the issuance of unsecured subordinated financial debentures — ROC Year 115 (2026), Series No. 150 — with a total principal amount of NT$10,400,000,000 (New Taiwan Dollars Ten Billion Four Hundred Million only). This announcement serves as a supplement to the earlier disclosure filed on March 27, 2026 (ROC: 115/03/27). Interpretive context: 'Subordinated' (次順位) indicates these bonds rank below senior debt in a liquidation scenario but above equity, and they typically qualify as Tier 2 capital under Basel III prudential rules applicable to Taiwanese banks. The issuance volume of NT$10.4 billion is material in scale. The supplementary nature of this filing suggests the original March 27 announcement covered the board resolution to issue, while this update likely confirms final terms, allocation, or settlement. [Body not available — subject line only. See MOPS for full announcement.]