Ping An Insurance(Group) Co., Ltd. has completed its RMB 26 billion A-share subordinated convertible bond offering. Ping An offered 6-year CBs at the par value of RMB100 per unit with a coupon rate of 0.8%, 1.0%, 1.2%, 1.8%, 2.2% and 2.6% each year. The CBs are convertible during the period of May 23rd 2014 – November 22nd 2019 at RMB41.33 per share. The issuer and the bond are both AAA-rated. The deal is the largest CB offering YTD globally. CICC worked as Joint Sponsor and Joint Lead Underwriter.