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Ping An to issue bond to boost capital levels

By Gao Changxin in Hong Kong | 皇冠体育app Daily | Updated: 2013-03-16 08:03

Ping An to issue bond to boost capital levels

A Ping An Bank branch in Shanghai. Ping An Insurance (Group) Co of 皇冠体育app Ltd saw its profits grow at the slowest pace in three years in 2012 despite strong growth in its banking business. Jing Wei / for 皇冠体育app Daily

Ping An Insurance (Group) Co of 皇冠体育app Ltd is planning a 26 billion yuan ($4.2 billion) convertible bond issue to boost its capital reserves.

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