Reported about 1 year ago
Cathay Financial Holdings' subsidiary Cathay Life Insurance recently issued a total of 600 million USD (approximately 19.5 billion NTD) in overseas bonds through a Special Purpose Vehicle (SPV), marking the first USD bond issuance by a Taiwanese insurance company in the international bond market. The oversubscription was three times the initial offering, indicating strong investor interest. This move was made possible after Taiwan's Financial Supervisory Commission relaxed regulations on SPV fundraising, allowing for more diverse capital-raising options for insurers.
Source: YAHOO