AIA prints $1 billion debut bond

The insurer taps the bond market for the first time in its 93-year history to pay down a bridge loan for its acquistion of ING's Malaysian insurance business.

AIA prints $1 billion debut bond
AIA: Tapping the bond market for the first time

Pan-Asian insurer AIA closed its debut $1 billion dual-tranche bond late Tuesday night, marking the first time it has tapped the bond market in its 93-year history.

AIA is an iconic name, but it only became a standalone entity three years ago when it listed on the Hong Kong Stock Exchange. Its former parent American International Group raised $17.8 billion by selling shares in its Asian life insurance unit to pay back part of the...

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