AIA Group launches $16 billion medium-term note, securities program

By William Gullotti

Buffalo, N.Y., March 14 – AIA Group Ltd. has established a new $16 billion global medium-term note and securities program, according to an announcement with an appended offering circular on Tuesday.

Citigroup and HSBC are the program arrangers, also acting as dealers with ANZ, BNP Paribas, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, Morgan Stanley, MUFG, Standard Chartered Bank and Wells Fargo Securities.

Bank of New York Mellon and its London, Luxembourg and Hong Kong branches will act as fiscal agents, paying agents, transfer agents, exchange agents and registrar.

Debevoise & Plimpton will act as counsel to the issuer, and Clifford Chance will be counsel to the dealers.

Under the Regulation S and Rule 144A program, instruments will be issued on a syndicated and non-syndicated basis for up to one year from the March 13 offering circular date.

Application has been made to list the program on the Stock Exchange of Hong Kong Ltd.

AIA is a pan-Asian life insurance group based in Hong Kong.

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