Taiwan's E.Sun Bank plans up to NT$8 billion more debentures for 2012

By Marisa Wong

Madison, Wis., June 22 - E.Sun Bank plans to issue up to NT$8 billion of financial debentures in 2012, according to an announcement by parent company E.Sun Financial Holding Co., Ltd.

The debentures, which may be issued in multiple tranches, will be priced at par and will have maturities of five to 10 years. The coupons have yet to be determined.

Proceeds will be used to strengthen the company's capital structure and enhance the BIS ratio.

The Taipei, Taiwan-based bank announced in March that it planned to issue NT$5 billion of five- to 10-year financial debentures in 2012. Those debentures were issued in two tranches.

The first tranche, consisting of NT$2.28 billion of 1.58% bonds due 2019, settled on April 27, and the second tranche, consisting of NT$2.72 billion of 1.68% bonds due 2022, priced earlier this week. The 10-year bonds will settle on June 28.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.