FWD Group Launches $900 Million Bond Buyback to Reshape Debt

Dow Jones

Sep 15

By Amanda Lee

FWD Group, the insurer backed by Hong Kong's wealthiest family, has launched a buyback of a US$900 million bond through new debt financing.

The company has begun a tender offer to purchase for cash its outstanding US$900 million 8.4% subordinated notes due 2029, it said Monday. The purchase price is set at US$1,016.5 per US$1,000 in principal.

"The rationale for the offer is to optimize the capital structure and cost of financing of the issuer," FWD Group said. The offer will close at 5p.m. New York time on Sept. 22.

The move comes about two months after the company raised 3.47 billion Hong Kong dollars, equivalent to US$446.1 million, in gross proceeds from its initial public offering in Hong Kong.

Write to Amanda Lee at amanda.lee@wsj.com

(END) Dow Jones Newswires

September 15, 2025 01:07 ET (05:07 GMT)

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The purchase price is set at US$1,016.5 per US$1,000 in principal. \n</p>\n<p>\n  \"The rationale for the offer is to optimize the capital structure and cost of financing of the issuer,\" FWD Group said. The offer will close at 5p.m. New York time on Sept. 22. \n</p>\n<p>\n  The move comes about two months after the company raised 3.47 billion Hong Kong dollars, equivalent to US$446.1 million, in gross proceeds from its initial public offering in Hong Kong. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Amanda Lee at amanda.lee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 15, 2025 01:07 ET (05:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1184","symbol_name":"人寿与健康保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2567198393","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567198393","pubTimestamp":1757912820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FWD Group, the insurer backed by Hong Kong's wealthiest family, has launched a buyback of a US$900 million bond through new debt financing.The company has begun a tender offer to purchase for cash its outstanding US$900 million 8.4% subordinated notes due 2029, it said Monday. 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