Hong Kong’s FWD Group sets up $5 billion debt issuance program

Chicago, Nov. 29 – FWD Group Holdings Ltd. announced that it has set up a $5 billion global medium-term note and capital securities program, according to an offering circular.

The Regulation S program lists HSBC Ltd. as arranger.

Hong Kong-based FWD is a life insurance business. The company was first known as Power Shine Ltd. and renamed PCGI Intermediate Holdings Ltd. in 2015. The current name of the group dates to Aug. 20.

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