Samsung Life Raises Record $1.5B in Largest Korean Insurer Hybrid Bond Sale

Key Facts

1Samsung Life completed a $1.5 billion overseas hybrid capital securities offering, the largest ever by a South Korean insurer.

2Overseas investors accounted for 49% of the participation in the 30-year securities, which carry an annual interest rate of 6.875%.

Samsung Life Insurance completed a $1.5 billion overseas hybrid capital securities offering, marking the largest issuance of its kind by a South Korean insurer. Businesskorea reported that the 30-year securities carry an annual interest rate of 6.875%, with overseas investors accounting for 49% of the total participation.

The company intends to use the proceeds to proactively manage its capital adequacy and strengthen financial stability for future growth initiatives. Major global financial institutions, including JPMorgan, Citigroup, and Bank of America, served as lead managers for the offering, which is scheduled to be listed on the Singapore Exchange.