Hong Kong insurer FWD raised $200mn in funding ahead of its planned Hong Kong IPO, as per two sources. The sources said that the funds were raised via a private placement with ORIX Corp and Huatai Securities Co. being two new investors. FWD has now raised $1.6bn in the past month after first raising $1.4bn in December via a Hong Kong private placement. FWD’s initially planned IPO at New York stalled amid regulatory concerns over “the long arm of the Chinese government”.

FWD’s dollar bonds were stable with its 6.25% Perp at 100.13, yielding 6%.

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