Reported 7 months ago
In the rush to issue overseas bonds by life insurance companies, National Life Insurance Company has taken the lead. They plan to establish a Special Purpose Vehicle (SPV) in Singapore to issue bonds with a maximum limit of 30 billion NT dollars in US dollar bonds, seeking the right timing to issue within a year. This move comes after other insurers like Shin Kong Life successfully obtained approval for domestic bond issuance as well. The Financial Supervisory Commission's policy allows life insurance companies to set up SPVs overseas to raise funds, with National Life quickly acting. In a bid to secure significant funding injections, they have announced plans for overseas bond issuance after setting up the SPV in Singapore. Their goals include issuing 300 billion NT dollars in bonds for the second time this year, totaling 800 billion NT dollars raised, marking the largest annual fundraising amount in the company's over 60-year history.
Source: YAHOO