Acting for FWD Limited as Cayman counsel in the offering of a US$325m 10 year bond listed on the Hong Kong Stock Exchange. FWD is Hong Kong’s ninth largest insurer and was formed to acquire a number of ING’s former businesses and is jointly owned by Richard Li and Swiss Reinsurance Investments Company. Joint lead managers and joint bookrunners were HSBC, Morgan Stanley, Standard Chartered Bank, ANZ and BofA Merrill Lynch.
September 2014