By Rebecca Melvin
Concord, N.H., May 27 – E. Sun Financial Holding Co., Ltd. announced E. Sun Bank priced its second financial debt in 2022 in the form of a dual-tranche issue of seven- and 10-year subordinated bonds totaling NT$2.7 billion.
Both tranches priced at par.
The NT$600 million of 1.9% seven year bonds mature June 15, 2029, and the NT$2.1 billion of 2.1% bonds mature on June 15, 2032.
Proceeds will be used to strengthen capital and support domestic and international business development.
Based in Taipei, Taiwan, E. Sun is part of the E. Sun Group of financial and insurance companies.
| Issuer: | E. Sun Bank
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| Amount: | NT$2.71 billion
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| Issue: | Corporate bonds, second series
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| Price: | Par of NT$10 million
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| Trade date: | May 27
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| Settlement date: | June 15
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| Tranche A
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| Amount: | NT$600 million
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| Maturity: | June 15, 2029
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| Coupon: | 1.9%
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| Price: | Par
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| Yield: | 1.9%
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| Tranche B
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| Amount: | NT$2.1 billion
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| Maturity: | June 15, 2032
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| Coupon: | 2.1%
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| Price: | Par
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| Yield: | 2.1%
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