On May 26, 2025, Cathay Life Insurance Vietnam acquired 10-year subordinated financial bonds from the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank). The transaction involved 400 units at a par value of 1 billion VND per unit, totaling 400 billion VND. The purpose of this acquisition is the utilization of life insurance funds in accordance with Vietnamese insurance laws. The bonds include a call option for the bank to redeem at par value after the 5th year. The transaction was approved under the internal authority of Cathay Financial and did not require separate audit committee approval.
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- Source: PR Times
- Category: 重大訊息