By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – AIA Group Ltd. priced $1.75 billion of 3.2% senior notes due 2040 (//A), according to a notice.
Proceeds will be used for general corporate purposes.
The notes were issued out of the company’s $10 billion global medium-term note program.
HSBC, Morgan Stanley, Standard Chartered Bank, Wells Fargo Securities, ANZ, BNP Paribas and Credit Agricole CIB are the bookrunners.
Proceeds will be used for general corporate purposes, according to Fitch Ratings.
AIA is a pan-Asian life insurance group based in Hong Kong.
Issuer: | AIA Group Ltd.
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Issue: | Senior notes
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Amount: | $1.75 billion
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Maturity: | 2040
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Bookrunners: | HSBC, Morgan Stanley, Standard Chartered Bank, Wells Fargo Securities, ANZ, BNP Paribas and Credit Agricole CIB
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Coupon: | 3.2%
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Rating: | Fitch: A
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Announcement date: | Sept. 16
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