Wed 10/25/2023 05:48 AM
UPDATE 1: 5:48 a.m. ET 10/25/2023: Prices of Ping An Real Estate Co., or PARE’s onshore and offshore bonds went up on Reorg’s
report this afternoon, Oct. 25, on its parent company Ping An Insurance Group’s plan to provide about CNY 30 billion ($4.101 billion) financial support to help resolve PARE’s debt issues.
Ping An Real Estate’s CNY 2 billion 3.8% onshore bond due 2024 “21 Real Estate 01” was indicated at about 96.7 this afternoon, up 1.7 points. Offshore, its $500...
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