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PICC Property and Casualty redeems RMB 15 billion bonds
By Rebecca Melvin
Concord, N.H., Nov. 23 – PICC Property and Casualty Co. Ltd. announced it has redeemed in full its RMB 15 billion capital supplementary bonds.
The securities were issued five years ago and were redeemed pursuant to a five-year call.
The insurer is based in Beijing.
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