China Pacific Insurance completes HK$15.56bn convertible bond offering

On September 10, Chinese insurance giant China Pacific Insurance Group (CPIG) launched the issuance of HK$15.556 billion ($2 billion) worth of zero-coupon convertible bonds due September 18, 2030. On September 18, the move was approved by the Hong Kong Kong Stock Exchange (HKEX), according to a CPIG announcement.