Life & Health Insurance
Anadolu Hayat Emeklilik AS:To increase share capital to 430 million Turkish lira from 410 million lira through bonus share issues.20 million lira capital increase will be met by internal resources.
Delta Lloyd NV:Completion of Delta Lloyd rump offering.
Delta Lloyd NV:218.8 million new ordinary shares subscribed for through exercise of rights, representing a take up of 96.15 pct in rights offering.Rump offering of 8.8 million new ordinary shares commences today with immediate effect.Rights issue at an issue price of 2.85 euro per offer share.
Delta Lloyd NV:Announces the terms of its 650 million euros rights issue.Subscription price represents a 35.8 pct discount to theoretical ex-rights price (TERP), based on closing price of delta lloyd ordinary shares on Euronext in Amsterdam on March 21, 2016.One for one rights issue of 227,567,943 new ordinary shares of Delta Lloyd at a subscription price of 2.85 euros per new ordinary share.Rights exercise periods run from 09.00 CET on March 24, 2016, until 14.00 CET on April 7, 2016.
Fubon Financial Holding Co Ltd:To issue 600 million new shares of its class A special stock.New shares with par value of T$10 per share and issue price at T$60 per share.15 pct of the new shares to be offered to the company's employees.10 pct of the new shares to be offered through public offering.Remaining 75 pct to be offered to the existing shareholders, who are eligible to purchase 43.97277833 shares for every 1,000 shares they hold.Dividend rate of 4.1 pct.
Delta Lloyd NV:Extraordinary general meeting of shareholders (EGM) of delta lloyd approved underwritten rights issue of 650 million euros.At EGM, a quorum of 48.03 pct of shareholders was represented.Believes that rights issue will position its group solvency II standard formula ratio within its target range of 140-180 pct.
Manulife Financial Corporation:completed its offering of 16 million Non-cumulative Rate Reset Class 1 Shares Series 21 (the "Series 21 Preferred Shares") at a price of $25 per share to raise gross proceeds of $400 million.The offering was underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.The Series 21 Preferred Shares commence trading on the Toronto Stock Exchange today under the ticker symbol MFC.PR.O.Manulife has granted the underwriters' an option, exercisable in whole or in part, to purchase up to an additional 1 million Series 21 Preferred shares at the same offering price.The underwriters have 30 days from the closing of the preferred share offering to exercise the option.The Series 21 Preferred Shares were issued under a prospectus supplement dated February 18, 2016 to Manulife's short form base shelf prospectus dated December 17, 2015.
Manulife Financial Corporation:Says Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 21.Manulife will issue 12 million Series 21 Preferred Shares priced at $25 per share to raise gross proceeds of $300 million.offering will be underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. and is anticipated to qualify as Tier 1 capital for Manulife.Manulife has also granted the underwriters an option, exercisable in whole or in part at any time up to 48 hours prior to closing, to purchase up to an additional 2 million Series 21 Preferred Shares at the same offering price.The maximum gross proceeds raised under the offering will be $350 million should this option be exercised in full.The expected closing date for the offering is February 25, 2016.Holders of the Series 21 Preferred Shares will be entitled to receive a non-cumulative quarterly fixed dividend yielding 5.60 per cent annually, as and when declared by the Board of Directors of Manulife, for the initial period ending June 19, 2021.Manulife intends to use the net proceeds from the offering for general corporate purposes, including future refinancing requirements.
Empire Life Insurance Company:completed its Canadian public offering of 5.2 million Non-Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") at a price of $25 per share to raise gross proceeds of $130 million.The offering was underwritten on a bought deal basis by a syndicate of underwriters co-led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.The Series 1 Preferred Shares commence trading on the Toronto Stock Exchange today under the ticker symbol EML.PR.A.The Series 1 Preferred Shares were issued under a short form prospectus dated February 5, 2016.
Mercuries Life Insurance Co Ltd:Completed to issue 100,000,000 new shares at T$17 per share with amount of T$1,700,000,000.New share issue record date Dec .21.