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Convertible bonds: Ping An Insurance raises $3.5 billion

17/07/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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In a regulatory filing published on Tuesday, July 16, 2024, the Chinese insurance company Ping An Insurance raised $3.5 billion in the form of convertible bonds.

La compagnie d' assurance chinoise Ping An Insurance declared that the coupon of the & #39; five-year bond was set at 0.875% per annum, paid semi-annually. The bond conversion price was set at HK$43.71 per share. Hong Kong Ping An stock fell by 3.88% to 34.65 HKD, while the wider Hang Seng Index fell

by 1.26%.
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