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China’s PICC redeems capital supplementary bonds due 2028 early
Chicago, June 7 – People’s Insurance Co. (Group) of China Ltd. (PICC) announced the redemption of its RMB 18 billion capital supplementary bonds that were issued with a 10-year tenor on June 7, 2018, but had a first optional call date on June 7.
The company used the call date and completed the redemption, fully redeeming the bonds.
The insurance company is based in Beijing.
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