Yahoo Finance: „The company sold the bonds due in 2029 with a coupon of 0.875%, according to a statement to the Hong Kong stock exchange on Tuesday. The initial conversion price is HK$43.71 per H share, representing a premium of about 21% over the stock’s closing price in Hong Kong on Monday. Bloomberg News earlier reported on the deal, citing people familiar with the matter.“
The company’s shares dropped as much as 5.8% in Hong Kong, the most in over a month, to HK$33.95 on Tuesday. Its Shanghai-listed stock fell as much as 4.4%.
Source
https://finance.yahoo.com/news/ping-insurance-seeks-3-5-092733709.html