FWD is Hong Kong's ninth-biggest insurer
FWD sold a $325 million 10-year bond on Wednesday, targeting investors with a strong appetite for longer tenor notes amid a rising interest rate environment.
The Reg S-only registered note priced at Treasuries plus 250bp, which is 15bp tighter than its initial price guidance of Treasuries plus 265bp, according to a term sheet seen by FinanceAsia. It has a yield of 5.063% and coupon of 5%.
Ranked ninth in...