Reported 9 months ago
In order to raise funds overseas, Cathay Life Insurance Co., Ltd., established a special purpose vehicle (SPV) for overseas fundraising in Singapore named Cathaylife Singapore Pte. Ltd. and completed the pricing of a 10-year, $600 million subordinated senior unsecured corporate bond offering. This marks the first US dollar bond issuance in the international bond market by a Taiwanese insurance company. The issuance will be used to strengthen financial structure, boost equity capital, and enhance capital adequacy ratio.
Source: YAHOO