Ping An launches jumbo A-share convert
China’s Ping An Insurance this week launched a Rmb26bn ($4.27bn) convertible bond in the domestic A-share market. Jumbo CBs are not unusual in the onshore market but Ping An’s does have the distinction of being the second biggest CB ever in Asia, according to Dealogic, and the largest anywhere in the world since a $5bn deal for General Motors in November 2010.
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