China Taiping prices Asia’s first insurance perp
China Taiping benefited from increased support for the insurance sector by the China on Wednesday and priced a perpetual bond 42.5bp inside initial guidance on the back of strong demand. Bankers say the transaction marks a change of sentiment towards the credit as its previous transactions had not received much demand.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts