China Pacific Is Said to Weigh $2 Billion Convertible Bond Sale

China Pacific Insurance (Group) Co.is considering selling as much as $2 billion of convertible bonds, people familiar with the matter said, potentially joining other Chinese companies seeking to raise funds at lower rates than traditional debt.

The insurer is working with banks on the offering, which could be announced as soon as this week, the people said, asking not to be identified because the plan is private. Deliberations are ongoing and details including size and timing could change, they said.

A representative for China Pacific didn’t immediately respond to a request for comment.

In June, Ping An Insurance (Group) ...