Insurance News
- Sino Life Insurance to sell bonds
Date: 15-Jun-2007 Sources: (Shenzhen Daily)
SINO Life Insurance Co., the Chinese joint venture of Japan's Millea Holdings Inc., plans to sell 1 billion yuan (US$130.38 million) worth of subordinated bonds by the end of this year, the Securities Times reported Thursday, citing an unnamed company official.
The bonds will have a maturity of more than five years, the report said. Sino life will use the proceeds of the bond sale to develop its local insurance business, it added.
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