Summary by Moomoo AI
Ping An Insurance (Group) Co. Ltd. ('Ping An') announced that it has applied to The Stock Exchange of Hong Kong Limited for the listing and trading of 3,500,000,000 USD 0.875% convertible bonds due 2029 under the terms set out in the offering circular dated July 15, 2024. The bonds are expected to be listed on The Stock Exchange of Hong Kong on July 23, 2024. This debt issuance will only target professional investors. Joint global coordinators, joint bookrunners and joint lead managers include Morgan Stanley, J.P. Morgan and Ping An Securities (Hong Kong) Limited. Ping An issued this announcement on July 22, 2024, and clearly stated that this bond issuance does not constitute an offer to purchase, subscribe, or sell securities in the United States.