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BRIEF-Hua Nan Financial chief says banking unit to buy bonds, issue subordinated bond this year
February 14, 2017 / 7:58 AM / 7 months ago

BRIEF-Hua Nan Financial chief says banking unit to buy bonds, issue subordinated bond this year

Feb 14 (Reuters) - Chairman Wu Tang-chief of Hua Nan Financial Holdings Co Ltd, one of Taiwan’s biggest state-controlled financial holding firms, told Reuters on the sidelines of a business event:

* Its banking unit will buy local and foreign bonds worth T$80 billion ($2.58 billion) this year

* The unit will also issue subordinated bond of T$6 billion in 2017

* Hua Nan Financial said recently they see profit this year rising to at least T$16 billion versus T$14 billion in 2016 amid Taiwan’s mild economic growth

Further company coverage: (Reporting by Loh Liang-sa; Writing by Faith Hung)

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