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China Reinsurance gets approval to sell RMB 4 billion 10-year bonds
By William Gullotti
Buffalo, N.Y., April 20 – China Reinsurance (Group) Corp. subsidiary China Property and Casualty Reinsurance Co. Ltd. obtained regulatory approval to issue up to RMB 4 billion of 10-year redeemable capital supplementary bonds in China’s interbank bond market, according to a market announcement on Thursday.
The company said it is issuing the bonds to further improve its solvency and for the steady development of its business.
The reinsurance company is based in Beijing.
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