Taiwan's E.Sun Bank plans issue of NT$5 billion perpetual debentures

By Jennifer Chiou

New York, Aug. 20 - E.Sun FHC announced plans to issue NT$5 billion of perpetual non-accumulative subordinated debentures on behalf of E.Sun Bank.

The board meeting took place on Friday.

The bank said that the coupon will be based on market conditions.

Proceeds will be used to strengthen the company's capital structure.

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

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