FWD Insurance to purchase all outstanding notes of US$900m subordinated notes
It is also issuing new USD subordinated dated capital securities.
FWD Group Holdings Limited (FWD Insurance) has commenced a tender offer to purchase all outstanding notes of the US$900m 8.4% subordinated notes due 2029.
Purchase price per US$1,000 in principal is US$1,016.5, according to a filing at the stock exchange of Hong Kong.
The insurer is separately issuing new US dollar-denominated subordinated dated capital securities on 15 September 2025. The offer will end on 22 September, 5 PM (New York City time).