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Ping An to issue bond to boost capital levels

By Paul Snyder,2014-06-12 16:02
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Ping An to issue bond to boost capital levels Ping An Insurance (Group) Co of China Ltd is planning a 26 billion yuan ($4.2 billion) convertible bond issue to boost its capital reserves. The bonds, still awaiting regulatory approval in China, will support the financial conglomerate's development, especially its banking business, over the next two to three years, said group pr..
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