National Life Launches $600 Million Overseas Bonds

Reported 9 months ago

National Life announced on June 27, 2024 that it successfully priced a 10-year senior unsecured corporate bond amounting to $600 million through its wholly-owned subsidiary Cathaylife Singapore in the international market. The bond issuance was oversubscribed three times, setting a record for the first Taiwanese insurance company to issue USD bonds in the global market. With the goal of increasing capital diversification and optimizing costs, National Life plans to continue overseas fundraising to tap into the growing appetite of international investors.

Source: YAHOO

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