by Amruth Sundarkumar | Sep 15, 2022 | Corporates, Hong Kong
Insurance company FWD Group Holdings has refiled an application for its Hong Kong IPO. In early May, FWD received approval for its Hong Kong IPO but the company postponed it due to market volatility. The company is looking to raise $1bn in an IPO in Q1 next year, but...
by Amruth Sundarkumar | Sep 14, 2022 | Corporates, Hong Kong
Hong Kong-based insurer FWD reported some key half-yearly numbers yesterday. It saw an annualized premium equivalent (APE) of $732mn, 2.5% YoY lower for 1H 2022. Value of New Business (VNB) was at $405mn, a 17% YoY increase, with growth across all market segments. Its...
by Amruth Sundarkumar | Jun 1, 2022 | Corporates, Financial Institution Bonds, Hong Kong
Insurance company FWD postponed its planned $1bn Hong Kong IPO due to market volatility. In early May, FWD received approval for its Hong Kong listing but decided not to proceed with it at the moment. The company will explore the listing plan before the end of 2022 if...
by Amruth Sundarkumar | May 17, 2022 | Financial Institution Bonds
FWD will not be redeeming its $750mn zero-coupon Perp on its first call date of June 15, it said. This would mean that holders will start receiving distributions due to the coupon reset present on the note. The new coupon rate would be set at the US 5Y Treasury rate...
by Amruth Sundarkumar | Feb 28, 2022 | Corporates, Hong Kong
FWD Group is close to filing an IPO to raise about $1bn at the Hong Kong stock exchange as per sources reported by Bloomberg. The listing may take place by H1 2022, though it depends on market volatility and demand. The Hong Kong listing plan comes after FWD dropped...
