China Reinsurance Subsidiary China Re P&C Approved to Issue Up to RMB 4 Billion in Capital Supplementary Bonds
Reuters
Sep 26
China Reinsurance Subsidiary China Re P&C Approved to Issue Up to RMB 4 Billion in Capital Supplementary Bonds
China Property and Casualty Reinsurance Company Ltd. (China Re P&C), a subsidiary of China Reinsurance (Group) Corporation, has received approvals from regulatory authorities to publicly issue 10-year redeemable capital supplementary bonds in the National Interbank Bond Market, with a total issuing size not exceeding RMB4.0 billion. The bond issuance is aimed at improving China Re P&C's solvency and supporting its business development.
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