Brief: Mercuries Life Insurance to issue T$2.5 bln undated cumulative subordinated corporate bonds

Mercuries Life Insurance

23/09/2016 08:54

Sept 23 (Reuters) - Mercuries Life Insurance Co Ltd 
 2867.TW  
      
      
    * Says it will issue 2016 first series undated cumulative 
subordinated corporate bonds, worth up to T$2.5 billion 
    * Says par value and issue price of T$100,000 for the bonds 
    * Says the annual interest rate at up to 5 percent 
    * Proceeds to be used to strengthen financial structure and 
take full advantage of capital 
     
     
    Source text in Chinese: https://goo.gl/7eeFvE 
    Further company coverage: 2867.TW  
 
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