COFCO CAPITAL(SZ:002423) Xin Lang Cai Jing·2025-12-12 14:19Core Viewpoint - COFCO Capital announced that its subsidiary, China-UK Life Insurance Co., Ltd. (hereinafter referred to as "China-UK Life"), plans to issue perpetual capital bonds totaling no more than 2 billion yuan in the interbank bond market [1][2]. Group 1 - The bonds are classified as perpetual capital bonds, with a duration that aligns with the ongoing operational period of China-UK Life, and there is no fixed maturity date before the company exercises its redemption rights [1][2]. - The bonds will feature a phased adjustment of the coupon rate, with a rate adjustment period of five years starting from the payment deadline of the issuance, during which the same coupon rate will be paid [1][2]. - The coupon rate at issuance will be determined through a book-building and centralized allocation process, with the lead underwriter forming an underwriting syndicate to underwrite the bonds on a balance underwriting basis [1][2]. Group 2 - The funds raised from the bond issuance will be used, subject to applicable laws and regulatory approvals, to supplement core Tier 2 capital, enhance the solvency of China-UK Life, and create conditions for the healthy development of the company's business, supporting sustained and stable growth [1][2].