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TAIPEI, March 20 (Reuters) - Cathay Financial Holding , parent company of Taiwan's biggest life insurer, said on Monday it plans to raise up to T$35 billion ($1.15 billion) by issuing subordinated debt in the first half of 2017 ahead of expected interest rate increases.
The fund-raising plan was mentioned by a company official to investors at a meeting. The official did not specifically say where Cathay was expecting the interest rates to rise. (Reporting by Faith Hung; Editing by Muralikumar Anantharaman)