China Business News: Ping An Property issues RMB 2 bln in subordinated bonds in Apr

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Ping An Property issues RMB 2 bln in subordinated bonds in Apr

May 8, 2009 (China Knowledge) - Ping An Property & Casualty Insurance Co, a property insurance unit of Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, in April successfully issued RMB 2 billion of ten-year subordinated bonds to strengthen its solvency, the Shanghai Securitas News reported on Thursday. The company issued the bonds to optimize its asset s

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