Ping An plans HK$11.765bn zero-coupon convertible bonds

Ping An Insurance (Group) Company of China (HKEX:2318) has announced its intention to issue HK$11.765 billion in zero-coupon convertible bonds due in 2030 under a general mandate. The bonds, offered outside the United States under Regulation S, will be convertible into H Shares at an initial price of HK$55.02 per share, subject to adjustments.