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Taiwan’s E.Sun Bank eyes NT$10 billion perpetuals over next five years
By Marisa Wong
Morgantown, W.Va., Nov. 13 – E.Sun Bank plans to issue up to NT$10 billion of perpetual non-cumulative subordinated debt within the next five years, 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. The coupons have yet to be determined.
Proceeds will be used to strengthen the company’s capital structure and enhance its BIS ratio.
The bank is based in Taipei, Taiwan.
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