Bond Factsheet
AIA 4.950% 30Mar2035 Corp (USD)
AIA Group Limited
Indicative
Full Lot
Bid Price 93.269
Change in Bid Price 0.473
Bid Yield (%) 5.973 %
Change in Bid Yield 0.075
Ask Price 93.620
Change in Ask Price 0.589
Ask Yield (%) 5.917 %
Change in Ask Yield 0.093
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
AIA Group Limited
Guarantor
-
Announcement Date
23 Sep 2024
Issue Date
30 Sep 2024
Maturity Date
30 Mar 2035
Years to Maturity / Next Call
8.487 / 8.240
Modified Duration
6.764 @ 02 Oct 2026
Issue / Reoffer Price
99.636
Issue / Reoffer Yield
4.995
Coupon Type
Fixed
Annual Coupon Rate
4.950
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
-
ISIN
US00131MAR43
CUSIP
00131MAR4
Bond Currency
USD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Insurance
Issuer Credit Rating (S&P/ Fitch)
***/ AA-
Bond Credit Rating (S&P/ Fitch)
***/ A
Shariah Compliant
No
Exchange Listed
HKEX
Deferral Interest Payment
Deferral of Distribution Payments at Maturity – Mandatory
(i) This Condition 5(b) is applicable to Securities only if “Mandatory Distribution Deferral at Maturity” and “Group Capital Requirements Redemption Condition” are specified as applicable in the relevant Pricing Supplement.
(ii) On any Mandatory Distribution Deferral Date, the Issuer shall defer payment of all of the Distribution accrued to that date. The Issuer shall endeavour to give notice thereof in writing to the Fiscal Agent and to the Securityholders (in accordance with Condition 15) no later than such Mandatory Distribution Deferral Date, but any failure to give notice shall not affect the validity of such deferral or constitute a default for any purpose. A notice not given by the relevant Mandatory Distribution Deferral Date shall be given without undue delay thereafter.
Issuer Call
Optional Redemption Date: Any date from 30 December 2034 (the "Par Call Date") to (but excluding) the Maturity Date
Make Whole Call
Make Whole Optional Redemption Date(s): Any date from the Issue Date up to (but excluding) the 30 December 2034 (the "Par Call Date")
Make Whole Redemption Margin:0.20 per cent.
Additional Note
Regulatory Event Redemption:
The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 15 nor more than 30 days' notice to the Securityholders (which notice shall be irrevocable) at their Early Redemption Amount (Regulatory Event), if, immediately before giving such notice, (A) the Securities, having qualified as Tier 2 group capital or Tier 1 limited group capital (as applicable) under the Applicable Supervisory Rules (or, if different, whatever terminology is employed by the then Applicable Supervisory Rules), are no longer capable of qualifying (in whole or in part) as at least Tier 2 group capital or Tier 1 limited group capital (as applicable) under the Applicable Supervisory Rules (or, if different, whatever terminology is employed by the then Applicable Supervisory Rules), except where such non-qualification is as a result of any other applicable limitation on the amount of such capital; or (B) the Securities, 100% of the principal amount of which having originally qualified as Tier 2 group capital under the Applicable Supervisory Rules in effect as of the Issue Date (or, if different, whatever terminology is employed by the then Applicable Supervisory Rules) until the Maturity Date (if applicable), as a result of a change in the Applicable Supervisory Rules are deemed to no longer fully qualify as Tier 2 group capital under the Applicable Supervisory Rules (or, if different, whatever terminology is employed by the then Applicable Supervisory Rules) until the Maturity Date (each, a "Regulatory Event").
Rating Event Redemption:
The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 15 nor more than 30 days' notice to the Securityholders (which notice shall be irrevocable) at their Early Redemption Amount (Rating Event), if, immediately before giving such notice, the Issuer delivers to the Fiscal Agent the certificate referred to below stating that an amendment, clarification or change has occurred in the rules, criteria, guidelines or methodologies of relevant Rating Agencies or any of their respective successors to the rating business thereof, which amendment, clarification or change (x) results in, or will result in, a lower equity credit for the Securities than the equity credit assigned to the Securities immediately prior to such amendment, clarification or change, or (y) results in, or will result, in the shortening of the length of time the Securities are assigned a particular level of equity credit by such rating agency as compared to the length of time the Securities would have been assigned that level of equity credit by such rating agency on the date agreement is reached to assign equity credit to the Securities (a "Rating Event").
Minimal Outstanding Amount Redemption
The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on the Issuer giving not less than 15 nor more than 30 days' notice to the Securityholders (which notice shall be irrevocable) at the Early Redemption Amount (Minimal Outstanding Amount), if, immediately before giving such notice, the aggregate principal amount of the Securities outstanding is less than 25 per cent. of the aggregate principal amount originally issued (including any further securities issued in accordance with Condition 14.
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