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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 12/30/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

FWD to redeem $250 million 6¼% subordinated perpetuals on Jan. 24

By Mary-Katherine Stinson

Lexington, Ky., Dec. 30 – FWD Ltd. will redeem in full its $250 million outstanding 6¼% subordinated perpetual capital securities (ISIN: XS1520804250) on Jan. 24, according to a company announcement.

The redemption will be at par together with distribution accrued to the redemption date, if any.

Following the completion of the redemption there will be no further securities in issue and the company will apply for the withdrawal of the listing from the Stock Exchange of Hong Kong Ltd.

Hong Kong-based FWD is the insurance business of investment group Pacific Century Group.


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