By Susanna Moon
Chicago, March 12 - E.Sun FHC said it plans to issue NT$2 billion of first unsecured subordinated corporate bonds at par.
The bonds will have a coupon of 2.7% and mature in seven years.
Proceeds will be used to strengthen working capital and capital structure.
Hua Nan Commercial Bank is the trustee.
E. Sun Financial Holding Co., Ltd. said on Jan. 28 that it would issue NT$4 billion of seven- to 10-year unsecured corporate bonds in 2010. Interest was to be based on market conditions.
Based in Taipei, Taiwan, E. Sun is part of the E. Sun Group of financial and insurance companies.
| Issuer: | E.Sun FHC
|
| Issue: | First unsecured subordinated corporate bonds
|
| Amount: | NT$2 billion
|
| Maturity: | Seven years
|
| Coupon: | 2.7%
|
| Price: | Par
|
| Pricing date: | March 12
|
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