By Marisa Wong
Madison, Wis., June 1 - E.Sun Financial Holding Co., Ltd. said it priced NT$3.8 billion of 1¾% subordinated corporate bonds due 2019 at par.
This is E.Sun Financial's first issue of subordinated corporate bonds for 2012. The company announced in March that it planned to issue NT$4 billion of corporate bonds in 2012 with maturities of seven to 10 years.
Proceeds will be used to strengthen capital for business operations and to repay the corporate bonds that are expected to mature this year.
E.Sun Financial is the holding company of E.Sun Bank, which is based in Taipei, Taiwan.
| Issuer: | E.Sun Financial Holding Co., Ltd.
|
| Issue: | Subordinated corporate bonds
|
| Amount: | NT$3.8 billion
|
| Maturity: | 2019
|
| Coupon: | 1¾%
|
| Price: | Par
|
| Yield: | 1¾%
|
| Announcement date: | June 1
|
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