Hanwha Life Wins Best Insurance Capital Bond of 2018 at The Asset Triple A Regional Awards

Hanwha Life was recognized as one of Asia’s best bond issuers at the annual Triple A Regional Awards by The Asset, a business news magazine. The company received the award for “Best insurance capital bond” of 2018 in recognition for a landmark billion-dollar bond issuance it made in April of 2018.

The offering was the largest issuance of hybrid securities ever made by a Korean insurer. It was also admired for only having a spread of 200 basis points, that according to The Asset, was “the lowest among all US dollar-denominated hybrids since the 2008 global financial crisis.” Hanwha Life’s achievement with the bond issuance was significant enough that they were recognized at the Asia-wide Triple A Regional Awards, a step up from the local Triple A Country Awards.

“The bond issuance was made at a challenging time amidst rising market rates and other issues,” said a spokesperson for Hanwha Life. “However, demand far exceeded availability and most of the bonds were purchased by major global investors.”

The Asset is a Hong Kong-based publication that offers independent insight into the Asian financial industry in both print and digital form. Since 2007, The Asset has annually handed out its Triple A Awards to recognize significant achievements in the Asian financial industry.