HK’s AIA makes road trip to US for new 10 year

By Addison Gong
28 Mar 2018

AIA Group wrapped up a swift deal during New York hours on Tuesday, taking advantage of the ample liquidity in the US market and investors’ appetite for longer tenors. The life insurance company’s $500m deal outperformed most recent trades — both in the primary and secondary markets.

The Hong Kong-headquartered company announced a 10 year senior transaction with initial price guidance at 125bp-130bp over US Treasuries just before 9am on Tuesday New York time. The ...

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