By Marisa Wong
Morgantown, W.Va., Nov. 7 – E.Sun Bank priced $135 million of 0% senior bonds at par with an internal rate of return of 4.1%, according to an announcement by parent company E.Sun Financial Holding Co., Ltd.
The 30-year bonds will be callable at par plus accrued interest after five years and every year after that.
Proceeds from the non-underwritten offering will be used to enhance working capital.
This is the Taipei, Taiwan-based bank’s second issue of senior debt for 2017.
| Issuer: | E.Sun Bank
|
| Issue: | Senior debt
|
| Amount: | $135 million
|
| Maturity: | Nov. 21, 2047
|
| Underwriter: | None
|
| Coupon: | 0%
|
| Price: | Par
|
| IRR: | 4.1%
|
| Call option: | At par plus accrued interest after five years and every year after that
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 21
|
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