Nanshan Life Issues $653M Tier 2 Subordinated Bonds Guaranteed by Parent

Nanshan Life Pte. Ltd., a Singapore-incorporated subsidiary of Nan Shan Life Insurance Co., Ltd., issued $395 million in 5.875% Tier 2 subordinated dated capital bonds due 2041. This issuance was followed by an additional tap issue of $258 million in bonds, which consolidated with the initial issuance to form a single series. The bonds are unconditionally guaranteed by the parent company Nan Shan Life Insurance Co., Ltd., strengthening their credit standing in the capital markets.