TS Financial Unit to Issue Up to NT$18 Billion Bonds
MT Newswires Live
Jul 24
TS Financial (TPE:2887) unit Shin Kong Life Insurance approved the issuance of up to NT$18 billion of cumulative subordinated bonds.
The securities have a tenure of at least 10 years, according to a Friday Taiwan Exchange filing.
The insurer may issue the bonds in New Taiwan dollars and/or an equivalent amount in foreign currency through its Singapore special purpose vehicle, depending on market conditions.
Proceeds will be used to increase shareholders' equity, strengthen its financial structure and improve its capital adequacy ratio.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.