Shin Kong Life Insurance Co. Ltd. issued NT$6 billion of unsecured cumulative subordinated corporate bonds.
The perpetual bonds carry a coupon rate of 3.50%, the company said June 29.
Proceeds of the issuance will be used to increase the insurer's qualified capital and enhance its financial structure.
Shin Kong Life Insurance is a unit of Shin Kong Financial Holding Co. Ltd.
As of June 29, US$1 was equivalent to NT$30.45.