Taibao issued over HKD 15.5 billion zero coupon convertible bonds, setting multiple market records.

Recently, China Taiping Insurance issued Hong Kong dollar-denominated H-shares convertible bonds. In the absence of zero-coupon interest, the bonds were eventually issued at a premium, raising a total of HK$15.556 billion in financing. Long-term investors subscribed for over 70% of the bonds, with a conversion premium rate of 25%. It is understood that China Taiping Insurance's issuance this time set multiple records: it is the largest Hong Kong dollar-denominated zero-coupon convertible bond in history, the first overseas convertible bond of a state-owned financial enterprise listed domestically and abroad at the same time, and the largest overseas refinancing project in the financial institutions sector in the Asia-Pacific region since 2025.