Cathay Life Insurance 2026 Series 1 Unsecured Cumulative Subordinated Bond — Quiet Period Notice
Original: 代子公司國泰人壽公告發行一一五年度第一期無擔保累積次 順位普通公司債緘默期說明。
Summary
Cathay Financial is disclosing, on behalf of its life-insurance subsidiary Cathay Life Insurance, a quiet-period notice related to the planned issuance of ROC Year 115 (2026) Series 1 Unsecured Cumulative Subordinated Corporate Bonds. The quiet period restricts the issuer from making certain public statements or disclosures during the bond-marketing window, and this filing fulfills the regulatory obligation to notify the market of that restriction. Investors should note that the subordinated nature of the bonds means they rank below senior creditors in a wind-down scenario. Full body available on MOPS.
Full Translation
Subject (translated): 'On behalf of subsidiary Cathay Life Insurance — Announcement of the Quiet Period Notice for the Issuance of ROC Year 115 (2026) Series 1 Unsecured Cumulative Subordinated Ordinary Corporate Bonds.' Interpretive context: Cathay Financial Holdings (TWSE: 2882) filed this material-information disclosure as the listed parent entity acting on behalf of its unlisted subsidiary, Cathay Life Insurance Co., Ltd. (國泰人壽), one of Taiwan's largest life insurers by assets. The planned instrument is a straight (ordinary) corporate bond with the following features: (1) unsecured — no collateral pledged; (2) cumulative — any missed coupon payments accumulate and must be paid before distributions to equity holders; (3) subordinated (次順位, 'next-rank') — holders rank below senior and secured creditors but above equity in liquidation. 'ROC Year 115' corresponds to calendar year 2026. The '緘默期' (quiet period / blackout period) is a regulatory window during which the issuer is prohibited from making forward-looking or promotional statements that could influence investor decisions around the offering; this filing notifies the market that such a period is now in effect. The bond series and aggregate size are not determinable from the subject line alone. [Body not available — subject line only. See MOPS for full announcement.]