China Industrial Securities International Financial Group (HKG:6058) unit CISI Investment acquired perpetual securities for roughly $10.6 million, a Thursday bourse filing said.
The perpetual securities were bought in the open market between Aug. 16 and Dec. 5, according to the securities broker.
The bonds make up part of a $2 billion issue of perpetual bonds by China Taiping Insurance (HKG:0966) with a 6.40% per annum interest rate.
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.
Comments