AIA Group to raise US$1b via bond

Business | 1 Apr 2020 6:12 pm

AIA Group (1299) intends to issue US$1 billion (HK$7.8 billion) of unsecured fixed-rate notes, with a yield of 3.375 percent and due in 2030.

The notes are under its US$8 billion global medium term note and securities program, and the proceeds from the notes will be used for general corporate purposes, said the insurer. Shares of AIA dipped by 0.64 percent to HK$69.70 today.

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