Ping An seeks 26b yuan in bond issue

Ping An Insurance (Group) plans to sell as much as 26 billion yuan (HK$31.7 billion) of convertible bonds to provide additional working capital.

The six-year convertible bonds will carry a coupon rate of no more than 3 per cent. The plan was approved by the company's board and will be voted on at a meeting of shareholders on February 8.

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