E.Sun Bank unit to issue up to A$300 million of senior debentures

By Mary-Katherine Stinson

Lexington, Ky., Aug. 25 – E.Sun Financial Holding Co. announced that subsidiary E.Sun Bank, Sydney Branch, proposed on Aug. 25 to issue up to A$300 million of senior debentures for a revolving issuance period of up to 10 years, according to a notice.

The issue period is no more than five years.

The final issuance amount and revolving issuance period will be determined in accordance with FSC’s approval.

Proceeds would be used to strengthen working capital and repay debt.

Based in Taipei, Taiwan, E.Sun is part of the E.Sun Group of financial and insurance companies.

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