By William Gullotti
Buffalo, N.Y., Nov. 20 – E.Sun Financial Holding Co. priced NT$3 billion of 1.83% 10-year corporate bonds, according to a notice on Monday.
As previously reported in August, the company initially planned an offering of up to NT$9 billion with an issuance period not to exceed 15 years.
The bonds are priced at their par value of NT$1 million per bond and may not be called or put prior to maturity.
E.Sun Commercial Bank, Ltd. is the underwriter.
Proceeds will be used to repay debt.
Based in Taipei, Taiwan, E.Sun is part of the E.Sun Group of financial and insurance companies.
| Issuer: | E.Sun Financial Holding Co.
|
| Amount: | NT$3 billion
|
| Issue: | Corporate bonds, 2023 first issue
|
| Maturity: | Nov. 27, 2033
|
| Underwriter: | E.Sun Commercial Bank, Ltd.
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| Trustee: | Hua Nan Commercial Bank Co., Ltd.
|
| Coupon: | 1.83%
|
| Price: | Par
|
| Yield: | 1.83%
|
| Call feature: | Non-callable
|
| Announcement date: | Nov. 20
|
| Issue date: | Nov. 27
|
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