Corporate  Banking
Corporate Deposit
Loan Financing
Financing Lease
Bill Business
Settlement Service
Corporate Wealth Management
Corporate E-banking
Investment Banking
Assets Custody Business
Institutional Banking
  Service Profile
  Bank-Securities Cooperation
  Bank-Futures Cooperation
  Bank-Insurance Cooperation
  Inter-bank Cooperation
  Government Organization Service
  Financial market
     -  Underwriting of Financial Bond (Finance Company)
     -  Underwriting of Commercial Bank Hybrid Capital Bond
     -  OTC Account Bond Trade Business
     -  Bond Settlement
     -  Hybrid Capital Bond (Commercial Bank)
     -  Commercial Bank Subordinated Debt
     -  Financial Bond (Leasing Company)
     -  RMB Interest Rate Swap
     -  Financial Bond (Auto Financing Company)
     -  Financial Bond (Commercial Bank)
     -  Underwriting of Commercial Bank Subordinated Debt
     -  Financial Bond (Finance Company)
     -  Underwriting of Financial Bond (Leasing Company)
     -  Underwriting of Financial Bond (Auto Financing Company)
     -  Underwriting of Financial Bond (Commercial Bank)
     -  Insurance Company Subordinated Debt
     -  Underwriting of Insurance Company Subordinated Debt
Corporate Annuity Service
Small Business Finance
More Services
Financial market
Internet Finance
 
  Home Page > Corporate Banking >Institutional Banking >Financial market >Underwriting of Insurance Company Subordinated Debt
Underwriting of Insurance Company Subordinated Debt
 

Introduction
Insurance company subordinated debt refers to bonds issued by insurance companies. Liquidation of principal and interest is behind the other liabilities and before the equity capital of the insurance companies.

Insurance company subordinated debt is one kind of financial bonds. Offering period and type of bond can be flexibly designed according to the financing needs of issuers.

Target Clients
Insurance companies established in China (excluding Hong Kong, Macau and Taiwan) need to raise capital.

Functions and Features
Insurance company subordinated debt is mainly used to supplement capital funds to better guard against risks.

ICBC Advantages
1. Strong underwriting: ICBC is a Class A bond underwriting member under the Ministry of Finance, Class I trader of People's Bank of China's open market, the earliest commercial bank in China to be qualified for the underwriting of non-financial corporate debt instruments. For years ICBC has been named excellent underwriter and excellent trader by the Ministry of Finance and People's Bank of China.
2. Rich experience: ICBC has a team of professional staff experienced in bond underwriting, and a comprehensive, effective internal mechanism in place for customer service, credit risk assessment and underwriting execution.
3. Good relationship: ICBC maintains good contact with regulatory authority and good relationship with the investors. ICBC is able to underwrite the financial bonds issued by commercial banks.

Product Price
Offering interest rates for the financial bonds issued by commercial banks depend on the term, credit rating of the customers and market conditions, referencing market price and opinions of regulatory authority.

Service Channel and Hours
Insurance companies are welcomed to contact ICBC directly during office hours, based on own financial requirements.

Steps
1. Verify: Customers must supply application documentation to ICBC required by the regulatory authority. ICBC will proceed due diligence, assess credit risk and sign relevant agreements with customers.
2.  Approval: ICBC sends the application documentation to China Banking Regulatory Commission and People’s Bank of China for approval.
3. Issuance: Once approved by China Banking Regulatory Commission, ICBC will proceed to issue the bonds.

Successful Cases
Since 2010, ICBC has successfully underwritten RMB 2 billion of subordinated debt for Sunshine Life Insurance. Besides, ICBC also underwrote RMB 5 billion of subordinated debt for People's Insurance Company in 2011.


Close