Fuhwa offloads Treasury shares

Taiwan''s largest securities finance provider completes first equity-linked deal of 2004.
January 07, 2004

Lead manager Nomura completed a $90 million exchangeable for Fuhwa Securities Finance into Fuhwa Financial Holdings yesterday (Wednesday). The deal was necessitated by government regulations regarding the disposal of Treasury shares and in order to meet a 2005 deadline, the transaction has an abbreviated maturity.

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