BRIEF-China Taiping Insurance Says Proposed Issuance Of Undated Capital Bonds By TPL

Reuters2023-12-08

Dec 8 (Reuters) - China Taiping Insurance :

* PROPOSED ISSUANCE OF UNDATED CAPITAL BONDS BY TPL

* BOND SIZE NOT EXCEEDING RMB20 BILLION

* PUBLICLY ISSUE BOND IN NATIONAL INTER-BANK BOND MARKET, WITH SIZE NOT EXCEEDING RMB20 BILLION

* RECENTLY RECEIVED APPROVALS FROM RELEVANT REGULATORY AUTHORITIES TO PUBLICLY ISSUE BOND IN NATIONAL INTER-BANK BOND MARKET

* FUNDS RAISED BY ISSUANCE OF BOND WILL BE USED TO REPLENISH TIER 2 CAPITAL OF TPL

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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