China Pacific Insurance completes HK$15.56 bn convertible bond issue

China Pacific Insurance (Group) Co., Ltd. announced the completion of its HK$15,556,000,000 zero coupon convertible bonds due 2030 on September 18, 2025. The net proceeds will fund the development of its insurance business, strategic initiatives including health service & elderly care, AI+, and internationalization, and general corporate purposes, including supplementing working capital.

The listing of the bonds on the Hong Kong Stock Exchange is expected to become effective on September 19, 2025. The company has also secured approval for the listing of the conversion shares on the Hong Kong Stock Exchange. The company will proceed with relevant CSRC filings.

J.P. Morgan, UBS, Huatai International, BofA Securities, and Morgan Stanley served as joint global coordinators, joint bookrunners, and joint lead managers for the transaction.