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PING AN Plans to Issue Convertible Bonds at 18.5% Premium, Raising Net Proceeds HKD11.67B
PING AN (02318.HK) announced plans to issue HKD11.765 billion zero coupon convertible bonds due 2030. The initial conversion price per H-share is set at HKD55.02, representing a pr...
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PING AN Plans to Issue Convertible Bonds at 18.5% Premium, Raising Net Proceeds HKD11.67B
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PING AN (02318.HK)  +1.350 (+2.935%)    Short selling $803.34M; Ratio 28.437%   announced plans to issue HKD11.765 billion zero coupon convertible bonds due 2030. The initial conversion price per H-share is set at HKD55.02, representing a premium of around 18.45% over yesterday's (3rd) closing price of HKD46.45.

The bonds can be fully converted into about 214 million shares, accounting for 2.79% of the enlarged H-share capital and 1.16% of the issued share capital.

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PING AN expects the net proceeds from the bond issuance to be around HKD11.668 billion, which will be used to further develop the group's core business and strengthen the group's capital position, support the group's new strategic initiatives in the healthcare and elderlycare sectors and for general corporate purposes.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)

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