Shin Kong Life gears up to issue NT$13 billion of subordinated bonds

Chicago, Oct. 17 – Shin Kong Financial Holding Co., Ltd. announced that Shin Kong Life is planning to issue NT$13 billion of cumulative subordinated corporate bonds, the first of such issues for the company in 2023, according to an announcement.

The issue price on the 4% bonds with a 10-year tenor will be par.

MasterLink Securities will be the lead underwriter with Taishin International Bank, KGI Securities, Yuanta Securities and SinoPac Securities as sub-underwriters.

CTBC Bank Co., Ltd. will be the trustee.

Proceeds will be used to increase the company’s self-owned capital, strengthen its financial structure and enhance its capital adequacy ratio.

The bonds will be listed on the Taipei Exchange.

Shin Kong is an investment holding company based in Taipei, Taiwan.

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