FSC Approves the Redemption of the O-Bank Co., Ltd. Perpetual Non-Cumulative Subordinated Unsecured Financial Debentures TWD 0.75 Billion Issued in 2017
April 28, 2023 at 03:18 pm IST
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According to the FSC approval letter (No.1120206762) and the terms of issuance exercising redemption right by O-Bank of the subordinated financial debentures issued in 2017. O-Bank will redeem the perpetual non-cumulative subordinated unsecured financial debentures issued in 2017 in accordance with the terms of issuance.
O Bank Co Ltd is a Taiwan-based commercial bank. The bank provides corporate financial services, personal financial services, trust business, investment business, and equity method reinvestment business. Corporate financial services include credit and deposits, corporate foreign exchange and international finance, projects, corporate financial advisory services, corporate cash management and electronic financial services and others. Personal financial business includes credit and deposits, personal financial digital services, payment, insurance and wealth management, and others. Trust business includes trust commodities, securitization, trust asset management and surface rights and others. Investment business includes financial product trading, securities investment business, and production investment business.