Bank of Kaohsiung Ltd.

06/20/2022 | Press release | Distributed by Public on 06/20/2022 00:50

BOK issues the 2nd non-cumulative perpetual subordinated financial debentures in 2022 with total amount of NT$ 405,000,000.

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Provided by: BANK OF KAOHSIUNG,CO.,LTD.
SEQ_NO 1 Date of announcement 2022/06/20 Time of announcement 14:48:29
Subject
 BOK issues the 2nd non-cumulative perpetual
subordinated financial debentures in 2022 with total
amount of NT$ 405,000,000.
Date of events 2022/06/20 To which item it meets paragraph 11
Statement
1.Date of the board of directors resolution:NA
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:BOK issues the 2nd of non-cumulative perpetual
subordinated financial debentures in 2022.
3.Whether to adopt shelf registration (Yes/No):NO
4.Total amount issued:NT$ 405,000,000.
5.Face value per bond:NT$ 1,000,000.
6.Issue price:Par.
7.Issuance period:Issue date 2022/06/29. No maturity date.
8.Coupon rate:Fix rate at 3.00% per annual.
9.Types, names, monetary values and stipulations of collaterals:None.
10.Use of the funds raised by the offering and utilization plan:To enhance the
financial structure and contribute to the Capital Adequacy Ratio of BOK.
11.Underwriting method:None.
12.Trustees of the corporate bonds:None.
13.Underwriter or agent:None.
14.Guarantor(s) for the issuance:None.
15.Agent for payment of the principal and interest:Taipei Branch of BOK.
16.Certifying institution:None.
17.Where convertible into shares, the rules for conversion:Not applicable.
18.Sell-back conditions:None.
19.Buyback conditions:After five years of issuance, BOK may redeem the debts
of whole principal together with any interest payment subject to regulator's
approval, meet one of the following conditions,1.provided that the
post-redemption BIS ratio of BOK is above the legal requirement,2.The
original capital instruments are replaced with equal or higher quality
capital instruments.BOK shall promptly notify such early redemption 30 days
ahead of time.
20.Reference date for any additional share exchange, stock swap, or
subscription:Not applicable.
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:Not applicable.
22.Any other matters that need to be specified:None.