China Reinsurance redeems in full RMB 4 billion 10-year bonds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 17 – China Reinsurance (Group) Corp. exercised its redemption right for RMB 4 billion of 10-year redeemable capital supplementary bonds issued by subsidiary China Property and Casualty Reinsurance Co. Ltd., according to an announcement on Thursday.

The company had conditional redemption rights at the end of the fifth year under the terms of the bonds.

The bonds have been redeemed in full as of Aug. 17.

The securities were originally issued Aug. 17, 2018.

The reinsurance company is based in Beijing.

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