BEIJING, Nov. 22 (Xinhua) -- China Life Reinsurance Company Ltd. announced on Thursday that it will issue 10-year redeemable capital supplementary bonds worth 5 billion yuan (735 million U.S. dollars).
The bond issuance will begin on November 27, the company said.
It said the issuance is conducive to improve its solvency through supplementing the corporate capital.
China's credit rating agency CCXI and China Bond Rating Co., Ltd give a triple-A rating for China Life Reinsurance Company Ltd. and its bond products.
Founded in 2003, China Life Reinsurance Company Ltd. is the only specialized life reinsurance company in China approved by the State Council and the China Insurance Regulatory Commission.
The scope of business of the company covers a wide range of insurance types, including life insurance, health insurance, accident insurance, and annuity insurance.
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