Brief: Cathay Financial Says Life Insurance Unit To Sell T$5.5 Billion In Subordinated Bonds At Yields Of 3.7%, 3.85%
02/10/2023 08:25
Oct 2 (Reuters) - Cathay Financial Holding Co Ltd
2882.TW :
* SAYS LIFE INSURANCE UNIT TO SELL T$5.5 BILLION ($170.3
MLN) IN
SUBORDINATED BONDS AT YIELDS OF 3.7%, 3.85%
* SAYS PROCEEDS FROM THE SALE WOULD BE USED TO STRENGTHEN
FINANCIAL STRUCTURE OF UNIT
Source text for Eikon: ID:nMOP7Yzjl5
Further company coverage: 2882.TW
(Reporting by Faith Hung)
((faith.hung@thomsonreuters.com;))
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