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Taiping Life Insurance Issues CNY4bn Subordinated Bonds

 

Thursday, Mar 10,2011, 12:48:45 PM   Click:

China Taiping Insurance Holdings Company Limited announced on March 8 that its subsidiary Taiping Life Insurance Co. has completed the issue of CNY 4 billion subordinated bonds.

The proceeds from the bond issue will be used to improve its solvency for sustainable growth and expansion in the mainland China. As of the end of February 2011, Taiping Life Insurance's unaudited solvency was 250%.

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