FWD Group’s $600m perp falls in secondary

falling money
By Addison Gong
11 Sep 2019

FWD Group has come to the market with yet another unusual transaction, raising $600m but seeing the bond open a whole point lower in the secondary market on Wednesday morning.

The deal came just a couple of months after FWD Group priced a novel subordinated five year bond, immediately after announcing its acquisition of SCB Life Assurance, one of the largest life insurance firms in Thailand, from Siam Commercial Bank.

For its rapid comeback, global co-ordinators China Merchants Securities ...

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