(AI)Latest Caixin Weekly: Insurance Companies Flock to Perpetual Bonds
Listen to the full version
文｜财新周刊 吴雨俭
Article | Caixin Weekly by Wu Yujian
Recently, after receiving approval to issue 20 billion yuan in perpetual bonds (also known as non-fixed term capital bonds), Taikang Life Insurance has begun a series of intensive roadshows within the industry to seek potential investors. Meanwhile, a new round of capital replenishment plans in the insurance industry has also been launched.
财新从业内人士处获悉，泰康人寿预计于2023年四季度发行首期永续债50亿元，定价区间在3.4%—4.2%；并计划2024年、2025年再分别发行70亿元、80亿元。由此，该公司的核心偿付能力充足率将提升约25个百分点。
Caixin has learned from industry insiders that Taikang Life Insurance is expected to issue its first tranche of perpetual bonds worth 5 billion yuan in the fourth quarter of 2023, with a pricing range of 3.4% to 4.2%. The company also plans to issue another 7 billion yuan and 8 billion yuan in 2024 and 2025 respectively. As a result, the company's core solvency adequacy ratio will increase by approximately 25 percentage points.
Sign in with Google
Sign in with Facebook
Sign in with 财新