China Taiping gains approval for issue of 10-year callable bonds

By Mary-Katherine Stinson

Lexington, Ky., Nov. 22 – China Taiping Insurance Holdings Co. Ltd. announced that its subsidiary Taiping Life Insurance Co. Ltd. has received regulatory approval to publicly issue 10-year callable capital supplementary bonds not to exceed RMB 15 billion, according to a company release.

The bonds will be issued in the national interbank bond market.

The purpose of the issuance is to improve the company’s solvency and support its sustainable development.

China Taiping Insurance is an insurance conglomerate based in Hong Kong.

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