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

HUA NAN FINANCIAL HOLDINGS

14/02/2017 07:26

Feb 14 (Reuters) - Chairman Wu Tang-chief of Hua Nan 
Financial Holdings Co Ltd,  2880.TW   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  urn:newsml:reuters.com:*:nL4N1FN0TW 
     
Further company coverage:  2880.TW  
 
 (Reporting by Loh Liang-sa; Writing by Faith Hung) 
 ((faith.hung@thomsonreuters.com;))