Convertible bonds have become increasingly popular with Chinese companies lately, and Ping An Insurance is the latest company to have announced that it will raise a $3.5 billion in a convertible bond deal. According to the term sheet and announcement made by the company which you can find the link here, the bond will have a coupon of 0.875% per annum. […]

source: https://thefinance.sg/2024/07/16/the-logic-behind-ping-ans-3-5-billion-convertible-bond-issuance/