Ping An Insurance (Group) Company of China, Ltd. (SHSE:601318) planned to raise HKD 11.8 billion ($1.5 billion) through convertible bonds, according to deal terms seen by Bloomberg News, marking the insurance giant?s second such offering in under a year. The bonds carry a zero coupon and are due in 2030, the terms show. The insurer will use the proceeds to develop its core business, support new initiatives in healthcare and elderly-care, and strengthen its capital position.