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{{label}}10 September 2020
HONG KONG, 10 September 2020 – AIA Group Limited (“AIA” or the “Company”; stock code: 1299) today announces that it has successfully priced US$1.75 billion of 3.2 per cent subordinated fixed rate securities due in 2040 (the “Securities”). The transaction is AIA’s inaugural subordinated securities offering under its US$10 billion Global Medium Term Note and Securities Programme. The transaction generated over US$10 billion in demand from global investors, demonstrating the strength of AIA’s business and its exceptionally high credit quality.
The proceeds from the securities will be used for general corporate purposes.
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About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Taiwan (China), Vietnam, Brunei, Macau SAR(2), New Zealand, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$291 billion as of 30 June 2020.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
Contacts
Investment Community | |
Lance Burbidge | +852 2832 1398 |
Evelyn Lam | +852 2832 1633 |
Feon Lee | +852 2832 4704 |
Rachel Poon | +852 2832 4792 |
News Media | |
Stephen Thomas | +852 2832 6178 |
Dudley White | +852 2832 1978 |
Emerald Ng | +852 2832 4720 |
Notes:
1. Hong Kong SAR refers to Hong Kong Special Administrative Region.
2. Macau SAR refers to Macau Special Administrative Region.
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