By Marisa Wong
Madison, Wis., Aug. 18 – E.Sun Bank priced $300 million of 0% 20-year senior notes at par, according to an announcement by parent company E.Sun Financial Holding Co., Ltd.
This is E.Sun’s first issue of dollar-denominated senior notes for 2014.
The notes are callable at par after two years.
The notes will settle on Aug. 27.
Proceeds from the non-underwritten offering will provide stable funding of foreign currency, the bank said.
The bank is based in Taipei, Taiwan.
| Issuer: | E.Sun Bank
|
| Issue: | Senior notes, first issue
|
| Amount: | $300 million
|
| Maturity: | Aug. 27, 2034
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 0%
|
| Call option: | At par after two years
|
| Underwriter: | None
|
| Settlement date: | Aug. 27
|
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