Reported 9 months ago
Cathay Life, a subsidiary of Cathay Financial Holding, established Cathaylife Singapore Pte. Ltd. in Singapore in early June 2024 to issue the first USD bonds overseas, marking a milestone for Taiwanese insurance companies in the international bond market. Meanwhile, Nanshan Life Chairman Yin Chong-yao mentioned plans to issue subordinated USD bonds in the second half of 2024, following their approval by the FSC, aiming to strengthen their financial structure and capital adequacy ratio.
Source: YAHOO