FWD Redeems All Outstanding Notes, Perpetuals

MT Newswires Live
Oct 24

FWD Group (HKG:1828) said it redeemed all outstanding $900 million 8.4% subordinated notes due 2029 on Oct. 23, according to a Friday Hong Kong bourse filing.

The life insurer also redeemed all $750 million zero-coupon subordinated perpetual capital securities on the same date.

Both redemptions were carried out under clauses triggered by the company's initial public offering.

FWD previously said that after completion, no notes or securities will remain outstanding. The company also applied to withdraw its listings from the Hong Kong bourse, expected to occur on Nov. 4.

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