China Life Insurance Co (601628.SH; 2628.HK; LFC.NYSE) recently had completed issuance of 1.28 billion US dollars worth of tier-2 capital bonds in the international market.
China Life sold the bond with a redemption duration of 60 years and extendable every 60 years if not redeemed. This batch of tier-2 capital bonds is the first one of its kind issued by Chinese insurance companies offshore.
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