China Property and Casualty Reinsurance Company Ltd. (China Re P&C), a subsidiary of China Reinsurance (Group) Corporation, has completed the issuance of RMB4.0 billion capital supplementary bonds. The ten-year fixed-rate bonds carry a 2.20% annual coupon for the first five years, with China Re P&C holding conditional redemption rights at the end of the fifth year; if not redeemed, the coupon rate will increase to 3.20% for the remaining period. The funds raised will be used to supplement China Re P&C's capital.
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