Taiwan's E.Sun plans $400 million convertibles, NT$10 billion debentures, NT$5 billion corporate bonds

New York, Nov. 10 - E.Sun Financial Holding Co., Ltd. said its directors have approved the sale of $400 million of euro or domestic convertible bonds, NT$10 billion of debentures and NT$5 billion of corporate bonds.

The convertibles will be issued by E.Sun Financial Holding with proceeds to go to strengthen the company's finances, to raise "stable and low-cost" capital for long-term operations and to fund potential mergers and acquisitions.

Subsidiary E.Sun Bank will sell NT$10 billion of debentures with a maturity of three to 10 years. Proceeds will be used to strengthen the bank's capital structure.

Parent E.Sun Financial Holding will issue NT$5 billion of corporate bonds, again with a maturity of three to 10 years. Proceeds will be used to strengthen the company's capital structure.

E.Sun Financial Holding is a Taipei, Taiwan, financial services company.

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