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Ping An Bank names 2 directors, eyes US$1B bond issue

Ping An Bank Co. Ltd. nominated Guo Shibang and Yao Guiping as directors.

The appointments are subject to shareholder approval, the bank said June 9.

The board also approved a proposal for the bank to issue up to US$1 billion in bonds in one or more tranches in overseas markets, with a maturity period of more than one year.

Ping An Bank is a unit of Ping An Insurance (Group) Co. of China Ltd.