COFCO Capital subsidiary Sino-UK Life to issue undated capital bonds

COFCO Capital Holdings announced its subsidiary, Sino-UK Life Insurance Company, will issue undated capital bonds totaling no more than 2 billion yuan. The bonds, with a face value of 100 yuan each, will have an indefinite term, aligning with Sino-UK Life’s continuous operations. The issuance aims to supplement core tier-two capital, enhance solvency, and support stable business growth.

The bonds will feature a tiered interest rate adjusted every five years, with the initial rate determined through book-building and centralized allotment. The offering will target institutional investors in China's interbank bond market and will be underwritten by a syndicate led by a principal underwriter.

The proposal was approved at the Sixth Meeting of the Fourth Session of COFCO Capital's Board of Directors on December 12, 2025. The resolution for this issuance is valid for twenty-four months from the approval date. The plan is subject to approval from relevant authorities.