Lates News

The transaction documents show that Ping An Insurance (Group) Company of China, Ltd. is seeking to issue convertible bonds to raise 11.8 billion Hong Kong dollars (1.5 billion US dollars). These zero-coupon bonds will mature in 2030. Ping An will use the proceeds from the issuance to develop its core businesses, support new initiatives in the healthcare and retirement sectors, and strengthen its capital position. Morgan Stanley is the exclusive global coordinator and bookrunner.