Tuesday, July 16, 2024

China's Ping An Insurance sells US$3.5 billion in convertible bonds

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Research>UBS: PING AN CB Issuance Not Complete Surprise; CHINA LIFE Core  Solvency Highest Among Sector AASTOCKS Financial News - Popular News

China’s top insurer Ping An seeks US$3.5 billion via convertible bond sale

Company joins a raft of Chinese firms including JD.com, Alibaba and Trip.com in tapping the cheaper funding source amid high interest rates.

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