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Taiwan’s E.Sun Bank plans NT$10 billion subordinated debt for 2016
By Marisa Wong
Morgantown, W.Va., March 18 – E.Sun Financial Holding Co., Ltd. said subsidiary E.Sun Bank plans to issue up to NT$10 billion of perpetual non-cumulative subordinated debt and long-term subordinated debt in 2016.
The debentures, which may be issued in multiple tranches, will be priced at par, according to a Taiwan Stock Exchange notice.
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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