Insurer AIA applies to list US$18 billion global medium-term note programme in Hong Kong

Hong Kong-based insurer AIA (1299) said on Monday it had applied to list a US$18 billion (HK$141 billion) global medium-term note and securities programme on the Hong Kong stock exchange, per a filing.

The programme will be listed for 12 months from March 20 and is intended for issuing debt securities to professional investors only, as defined under Hong Kong listing rules.

The planned issuance would be the largest on record for the company, as per data compiled by LSEG Workspace.

The listing is expected to become effective on or around March 23, the company said.

Citigroup and HSBC (0001) are arranging the programme, with a group of international banks acting as dealers, the filing showed.

Reuters and staff reporter