Taiwan's E.Sun Bank plans up to NT$5 billion more debentures for 2013

By Marisa Wong

Madison, Wis., March 22 - E.Sun Bank plans to issue up to NT$5 billion of financial debentures in 2013, 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 bank is based in Taipei, Taiwan.

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