FWDGHD 8.400% 05Apr2029 Corp (USD)

Bond Factsheet

Matured/ Called

FWD Group Holdings Limited

Indicative

Full Lot

Bid Price

100.875

Change in Bid Price

Bid Yield (%)

8.100 %

Change in Bid Yield

remove 0.001

Ask Price

101.408

Change in Ask Price

Ask Yield (%)

7.921 %

Change in Ask Yield

remove 0.002

Indicative price as of 23 Oct 2025, 12:00am

chevron_leftchevron_right

Bond Information

FWD Group Holdings Limited operates as a holding company. The Company, through its subsidiaries, provides life, health, and other insurance products. FWD Group Holdings serves customers in Hong Kong, Macau, Thailand, Japan, and other South East Asia countries including the Philippines, Indonesia, Singapore, Vietnam, Malaysia, and Cambodia.

Bond Issuer

FWD Group Holdings Limited

Guarantor

Announcement Date

21 Mar 2024

Issue Date

05 Apr 2024

Maturity Date

05 Apr 2029

Years to Maturity / Next Call

2.500 / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

8.400

Coupon Type

Fixed

Annual Coupon Rate

8.400

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

ISIN

USG37049AB20

CUSIP

ZD9246129

Bond Currency

USD

Total Issue Size

900,000,000

Outstanding Issue Size

360,390,000

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)

***/ BBB+

Bond Credit Rating (S&P/ Fitch)

***/ BBB-

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Additional Note

The Notes are expected to qualify as Tier 2 group capital under the Hong Kong Insurance Authority’s Insurance (Group Capital) Rules under transitional arrangement.

Redemption upon an Initial Public Offering

The Notes may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days’ notice to the Noteholders and the Fiscal Agent (which notice shall be irrevocable), at 101 per cent. of the outstanding principal amount of the Notes (together with any interest accrued but unpaid to the date fixed for redemption), if an Initial Public Offering has occurred.

"Initial Public Offering" means the first offering and listing of shares of the Issuer, that complies with the rules of The Stock Exchange of Hong Kong Limited or any other internationally recognised stock exchange, provided that such offer of securities is for subscription or sale exclusively for cash, accompanied (or preceded) by the grant of listing of, and permission to deal, in such shares by The Stock Exchange of Hong Kong Limited or any other internationally recognised stock exchange.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.