Rarity value drives demand for FWD's perpetual bonds

Billionaire Richard Li's Hong Kong-based insurance group draws frenzied demand for its first perpetual bonds.

Hong Kong's FWD Group, the insurance arm of billionaire Richard Li's Pacific Century Group, raised $250 million through the sale of a perpetual bond on Tuesday, taking advantage of investors' hankering for yield.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media