New China Life Insurance (01336) has completed the issuance of a total of 10 billion yuan of perpetual capital bonds.

New China Life Insurance (01336) announced that, with the approval of the China Banking and Insurance Regulatory Commission and the People's Bank of China, New China Life Insurance Co., Ltd. issued a total of RMB 10 billion of perpetual capital bonds on the national interbank bond market on July 21, 2026, and completed the issuance on July 23, 2026. The total size of this bond issuance is RMB 10 billion, with a fixed interest rate of 1.90% for the first 5 years, adjusted every 5 years thereafter. The issuer has the option to redeem the bonds on each interest payment date after the 5th year. The funds raised from this bond issuance will be used, subject to applicable laws and regulatory approvals, to supplement the company's core Tier 2 capital, enhance solvency, and support sustainable and stable business development.