China Life Insurance Approved for Bond Issue

China Life Insurance Co (HK:2628) has released an update.

China Life Insurance Company Limited has been approved by China’s National Financial Regulatory Administration to issue capital supplementary bonds worth up to RMB 35 billion in the National Interbank Bond Market. This follows the company’s resolution passed at its first extraordinary general meeting in 2023. The bonds, which are 10-year callable, will be traded as per the market’s transaction provisions once issued.

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