Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Taiwan Life Insurance Co. Ltd > News item |
CTBC’s Taiwan Life subsidiary plans up to NT$15 billion perpetuals
By Marisa Wong
Morgantown, W.Va., March 14 – CTBC Financial Holding Co., Ltd. announced that subsidiary Taiwan Life Insurance Co., Ltd. plans to issue up to NT$15 billion of perpetual cumulative subordinated corporate bonds callable after 10 years.
The bonds will be sold at par.
Proceeds will be used to strengthen the company’s financial structure and increase its RBC ratio.
The bank holding company is based in Taipei, Taiwan.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.