China Reinsurance (HKG:1508) said its subsidiary China Re P&C has fully redeemed its 4 billion yuan capital supplementary bonds, according to a Wednesday Hong Kong bourse filing.
Shares of the reinsurer were up over 1% in Thursday morning trade.
The bonds, issued in 2020 with a 10-year tenor, carried a conditional redemption option at the end of the fifth year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.