By Marisa Wong
Morgantown, W.Va., March 22 – China Life Insurance Co. Ltd. announced it issued RMB 35 billion of 10-year bonds with a fixed coupon of 4.28%.
The bonds are callable at the end of the fifth year.
Proceeds will be used to replenish capital.
The life insurance company is based in Beijing.
| Issuer: | China Life Insurance Co. Ltd.
|
| Issue: | Bonds
|
| Amount: | RMB 35 billion
|
| Maturity: | 10 years
|
| Coupon: | 4.28%
|
| Call option: | At end of fifth year
|
| Settlement date: | March 22
|
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