CHINA RE (01508): China Reinsurance Group completes issuance of 4 billion yuan in capital replenishment bonds.

CHINA RE (01508) announced that China Property and Casualty Reinsurance Co., Ltd. has successfully issued a total principal amount of RMB 4 billion capital replenishment bonds in the national interbank bond market. The capital replenishment bonds issued this time are ten-year fixed-rate bonds, with a coupon rate of 2.20% in the first five years. China Property and Casualty Reinsurance Co., Ltd. has the conditional redemption right at the end of the fifth year. If China Property and Casualty Reinsurance Co., Ltd. does not exercise the redemption right, the coupon rate for the remaining five years of the capital replenishment bonds will be 3.20%.