China Re (01508) announced that its subsidiary, China Re Property & Casualty, has successfully issued capital supplement bonds totaling RMB4 billion in the national interbank bond market. The bonds are 10-year fixed-rate instruments with an initial annual coupon rate of 2.20% for the first five years. China Re P&C holds a conditional redemption option at the end of the fifth year. If not redeemed, the bonds will carry an adjusted annual coupon rate of 3.20% for the remaining five years.
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