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E.SUN Commercial Bank to issue NT$4B of debentures

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E.SUN Commercial Bank to issue NT$4B of debentures

E.SUN Financial Holding Co. Ltd. unit E.SUN Commercial Bank Ltd. plans to issue NT$4 billion of debentures in two tranches.

The bank will issue NT$2 billion of debentures priced with a coupon of 1.30% per year and NT$2 billion of debentures priced with a coupon of 1.55% per year, according to a March 19 release.

Funds raised from the issuance will be used to enhance the bank's capital structure and improve its BIS ratio.

As of March 19, US$1 was equivalent to NT$29.19.