AIA Group Lists $18 Billion Note Program in Hong Kong; Shares Down 5%
MT Newswires Live
Yesterday
AIA Group (HKG:1299) said it applied to list its $18 billion global medium-term note and securities program in Hong Kong, according to a filing with the city's bourse Monday.
The program is valid for 12 months and will offer debt to professional investors, the firm said.
The listing is expected to become effective on Monday.
Shares of the insurer plunged 5% in Monday morning trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.