China’s Ping An Insurance eyes up to RMB 10 billion debt instruments

By Marisa Wong

Morgantown, W.Va., Nov. 15 – Ping An Insurance (Group) Co. of China, Ltd. is proposing to issue up to RMB 10 billion of debt financing instruments within the next 12 months, according to a notice.

The instruments will have terms of up to 10 years.

Proceeds will be used to replenish capital, for operations, to repay debt or to invest in projects.

Ping An is a Shenzhen, China-based holding company whose subsidiaries specialize in insurance and financial services.

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