Ping An to issue bond to boost capital levels
By Gao Changxin in Hong Kong | China Daily | Updated: 2013-03-16 08:03
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A Ping An Bank branch in Shanghai. Ping An Insurance (Group) Co of China Ltd saw its profits grow at the slowest pace in three years in 2012 despite strong growth in its banking business. Jing Wei / for China Daily |
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.
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