NH Nonghyup Fire Insurance Delays 100 Billion Won Subordinated Bond Issuance Due July 21

According to South Korea's insurance industry sources on July 15, NH Nonghyup Fire Insurance has postponed the refinancing and early redemption of 100 billion won in subordinated bonds maturing on July 21. The insurer decided to delay the issuance in May due to persistently high interest rates and difficulty securing investor demand. Similar to other major insurers, NH Nonghyup faces challenges in the current market environment; rivals including Heungkuk Fire and DB Insurance offered subordinated bonds at over 5% annual rates this year with limited success. The company will monitor financial market conditions before determining the timing for reissuing the debt.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments