PICC Property & Casualty Co Issues RMB 12 Billion Bonds

PICC Property & Casualty Co (HK:2328) has released an update.

PICC Property & Casualty Co successfully issued RMB 12 billion in capital supplementary bonds in the national inter-bank bond market. The bonds, with a 10-year term, have a coupon rate of 2.33% per annum for the first five years, with an option for the company to redeem them at that point. If not redeemed, the rate will rise to 3.33% per annum for the remaining five years.

For further insights into HK:2328 stock, check out TipRanks’ Stock Analysis page.