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Ping An Bank to issue up to 26B yuan of convertible debt

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Ping An Bank to issue up to 26B yuan of convertible debt

Ping An Bank Co. Ltd. obtained regulatory approval to issue up to 26 billion yuan of convertible bonds.

The approval is valid for a period of six months, according to a Dec. 27 filing.

As of Dec. 27, US$1 was equivalent to 6.87 Chinese yuan.