China’s PICC approved to issue up to RMB 12 billion of 10-year bonds

By William Gullotti

Buffalo, N.Y., May 24 – People’s Insurance Co. (Group) of China Ltd. (PICC) has obtained regulatory approval to publicly issue up to RMB 12 billion of 10-year redeemable capital supplementary bonds in China’s interbank bond market, according to an announcement on Wednesday.

Further details were not released in the announcement.

The insurance company is based in Beijing.

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