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PIAIF.PK - Ping An Securities To Issue CNY 1.4 Bn Notes


Prepared by ChinaScope Financial | Source: Company Disclosure
  • Ping An Securities, a subsidiary of Ping An Insurance (Group) Co. of China Ltd. (02318: HKG; 601318: SHA), announced its plan to issue CNY 1.4 billion 90-day notes in the interbank bond market on March 29. This will be the broker's first short-term note issuance in 2013.
  • China CITIC Bank Co., Ltd. (00998: HKG; 601998: SHA) will be the underwriter of the note issue.
  • The notes will be tradable on April 2, with the value date set on April 1.
  • China Lianhe Credit Rating Co. has rated the issuer and notes AAA and A-1 respectively.
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