Ping An Insurance (HKG:2318, SHA:601318) completed the issue of nearly HK$11.8 billion of zero coupon convertible bonds due to mature in 2030, a Wednesday Hong Kong bourse filing said.
The firm will use proceeds from the issue to develop its core business, strengthen its capital position, support new initiatives in the healthcare and elderly-care sectors, and for general corporate purposes.
The insurer will apply for the bonds to be listed on the open market of the Frankfurt Stock Exchange within 45 days.
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