Life & Health Insurance

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Ping An Insurance Group Co Of China Ltd completes placing

Monday, 8 Dec 2014 06:36am EST

Ping An Insurance Group Co Of China Ltd:Says all conditions as set out in the placing agreement have been fulfilled and the placing has been completed on Dec. 8.An aggregate of 594.056 mln new H Shares, about 15.95 pct and 6.98 pct respectively of the total issued H Share capital and issued share capital as enlarged by the allotment and issue at HK$62.00 to no fewer than six but no more than ten placees.The gross and net proceeds raised from the Placing were HK$36,831,472,000 and about HK$36,491 million, respectively.

Insetco PLC announces issue of equity

Friday, 5 Dec 2014 03:55am EST

Insetco PLC:Has raised 100,000 Pounds by way of equity subscriptions for 66,666,666 new ordinary shares of 0.001 pence each in the capital of the company at a price of 0.15 pence.The funds raised will be used for general working capital.On completion of the subscription, Agrest Global Ltd, a Cayman Island registered fund, will be interested in 50,000,000 ordinary shares, representing about 5.28 percent of the company's issued ordinary share capital.

Societa Cattolica di Assicurazione Sc concludes EUR 500 mln capital increase

Thursday, 4 Dec 2014 11:42am EST

Societa Cattolica di Assicurazione Sc:Said on Thursday it concluded the EUR 499,378,740 share capital increase.Said all 117,500,880 new shares have been subscribed.

Manulife Financial Corp completes preferred share offering

Wednesday, 3 Dec 2014 08:31am EST

Manulife Financial Corp:Completes its offering of 10 million Non-cumulative Rate Reset Class 1 Shares Series 19 (the Series 19 Preferred Shares) at a price of $25 per share to raise gross proceeds of $250 million.Offering was underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc., CIBC World Markets and RBC Capital Markets.

Societa Cattolica di Assicurazione Sc concludes capital increase offer period

Thursday, 27 Nov 2014 12:34pm EST

Societa Cattolica di Assicurazione Sc:On Thursday said it concluded the share capital increase option period with a 99.52% subscription for 496,981,663.50 euros.Said 116,936,862 ordinary shares were subscribed, out of the maximum 117,500,880 ordinary shares offered.Said the option rights not exercised would be offered on the Stock Exchange as of Dec. 1.

Manulife Financial announces increase to preferred share issue

Wednesday, 26 Nov 2014 11:00am EST

Manulife Financial Corp:Announced an increase to 10 million shares to previously announced canadian public offering of non-cumulative rate reset class 1 shares series 19.Proceeds of offering will now be $250 million.Underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc, CIBC World Markets and RBC Capital Markets.Anticipated to qualify as tier 1 capital.Expected closing date is Dec. 3.Intends to file a prospectus supplement to June 23 base shelf prospectus in respect of this issue.Proceeds for general corporate purposes, including future refinancing requirements.

China Taiping Insurance Holdings Co Ltd announces right issue

Monday, 3 Nov 2014 04:34am EST

China Taiping Insurance Holdings Co Ltd:Says rights issue of rights shares at subscription price of HK$11.89 each.Says rights on basis of 21 rights shares for every 100 shares held on record date.Says If underwriting agreement is terminated by underwriter, rights issue also will not proceed.

Old Mutual PLC announces pricing of OM Asset Management IPO

Thursday, 9 Oct 2014 02:00am EDT

Old Mutual PLC:Says that the initial public offering of 22,000,000 ordinary shares of OM Asset Management has been priced at $14.00 per share.Shares of OM Asset Management are expected to begin trading on the New York stock exchange under the ticker symbol 'OMAM.The offering is expected to close on Oct. 15.The underwriters have a 30 day option to purchase up to an additional 3,300,000 shares from Old Mutual at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.Gross proceeds realised by Old Mutual will be $308 mln and proceeds after offering costs will be used for general corporate purposes.BofA Merrill Lynch, Morgan Stanley, Citigroup and Credit Suisse are acting as joint book running managers for the offering.

Challenger Ltd's share purchase plan raises $40 million

Thursday, 2 Oct 2014 06:30pm EDT

Challenger Ltd:Says it completed its share purchase plan (SPP), raising $40 million from more than 3,500 of its shareholders.Applications exceeded the $30 million Challenger expected to raise via SPP.SPP provided Australian and New Zealand shareholders opportunity to purchase new Challenger shares at the same, or lower price than institutional equity placement undertaken on Aug. 20.SPP issue price is $7.10 per share.Proceeds of both institutional placement and SPP will be used to fund Challenger's future growth.Under SPP, Challenger will issue about 5.7 million new shares to existing investors, with the new shares expected to commence trading on Oct. 9.

Taiwan Life Insurance Co Ltd to issue class B special stock

Wednesday, 1 Oct 2014 07:17am EDT

Taiwan Life Insurance Co Ltd:To issue 75 million new shares of its class B special stock.New shares with par value of T$10 per share and issue price at T$20 per share.7,500,000 shares of the new shares to be offered to the company's employees.7,500,000 shares of the new shares to be offered through public offering.Remaining 80 pct to be offered to the existing shareholders.Maturity period of seven years and annual interest rate at 3.375 pct.Proceeds to be used for strengthening capital structure and improving capital adequacy ratio.


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