Shang Hai Zheng Quan Bao·2025-09-11 05:53Core Viewpoint - China Pacific Insurance (CPIC) successfully issued HKD 15.556 billion convertible bonds with zero coupon, reflecting strong market confidence in the company's fundamentals and long-term development prospects [2] Group 1: Financing Details - The issuance achieved a subscription rate of over 70% from long-term investors, with a conversion premium rate of 25% [2] - This marks several records for CPIC: the first offshore convertible bond issued by a state-owned financial enterprise listed both domestically and internationally, the largest zero-coupon convertible bond in HKD history, the first negative yield HKD convertible bond in nearly 20 years, and the largest overseas refinancing project in the Asia-Pacific financial sector since 2025 [2] Group 2: Use of Proceeds - The funds raised will primarily support the insurance core business and the company's three strategic developments: "Great Health and Wellness," "Artificial Intelligence+," and "Internationalization" [2] - The fundraising effort demonstrates CPIC's commitment to focusing on its core responsibilities and strategic priorities, emphasizing value creation and long-term growth in the new development phase of the insurance industry [2]