Taiwan’s E.Sun Bank eyes up to $300 million senior debentures in 2018

By Marisa Wong

Morgantown, W.Va., March 16 – E.Sun Financial Holding Co., Ltd. said subsidiary E.Sun Bank plans to issue up to $300 million of senior financial debentures in 2018.

The debentures, which may be issued in multiple tranches, will be priced at par with maturities of no more than 30 years, according to a Taiwan Stock Exchange notice.

The debentures will have a two- to seven-year non-call period. After that, the debentures will be callable every year at par plus accrued interest.

Proceeds will be used to build up the company’s working capital.

The bank is based in Taipei, Taiwan.

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