By Marisa Wong and Cristal Cody
Los Angeles, Oct. 19 – AIA Group Ltd. priced $850 million of 5 5/8% five-year notes on Tuesday with a spread of 150 basis points over Treasuries, according to a market source.
Initial price talk was in the Treasuries plus 175 bps area.
Citigroup, HSBC, Goldman Sachs, Morgan Stanley and Wells Fargo are the bookrunners.
AIA is a pan-Asian life insurance group based in Hong Kong.
| Issuer: | AIA Group Ltd.
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| Amount: | $850 million
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| Issue: | Notes
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| Maturity: | Oct. 25, 2027
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| Bookrunners: | Citigroup, HSBC, Goldman Sachs, Morgan Stanley and Wells Fargo
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| Coupon: | 5 5/8%
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| Spread: | Treasuries plus 150 bps
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| Pricing date: | Oct. 18
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| Initial price talk: | Treasuries plus 175 bps area
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