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Ping An Insurance Group Co Of China Ltd issues convertible corporate bonds


Wednesday, 4 Dec 2013 07:00pm EST 

Ping An Insurance Group Co Of China Ltd:Says it issued the 26 billion yuan convertible bonds, which will begin trading since Dec. 9.Says the bonds is valid since Nov. 22, 2013 to Nov. 22, 2019 for six years.Says coupon rate 0.8 pct for first year, 1.0 pct for second year, 1.2 pct for third year, 1.8 pct for fourth year, 2.2 pct for fifth year and 2.6 pct for sixth year.Says redemption price a premium of 108 pct of coupon value.Says initial conversion price 41.33 yuan per share. 

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