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China Life Insurance Co Ltd Issues Subordinated Bonds


Monday, 19 Nov 2012 07:00pm EST 

China Life Insurance Co Ltd announced that it has issued RMB 10 billion worth of 10 year subordinated bonds, with the right of redemption in the end of the fifth year. The coupon rate for the first five years is 4.58%, and the coupon rate for the last five years will be 6.58% if the right of redemption is not exercised. China Citic Securities Co., China International Capital Corp., UBS Securities Co., Industrial & Commercial Bank of China Ltd. and Credit Suisse Founder Securities Ltd. are the lead underwriters of the offering. 

Company Quote

42.49
-0.12 -0.28%
24 Oct 2014