Insurer Secures Regulatory Approval for Up to 600 Million Yuan Bond Issuance
Deep News
Sep 11
On September 11, regulatory approval was granted for Beijing Life Insurance Co., Ltd. to issue perpetual capital bonds on the national interbank bond market. The issuance scale is capped at RMB 600 million (including 600 million yuan), as announced by the Beijing Financial Regulatory Bureau in its official response.
The approved bonds, structured as perpetual instruments without a fixed maturity date, will bolster the insurer's capital base. This strategic move aligns with the company's long-term financial planning and objectives.
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