Linklaters acted as legal counsel to FWD Group Holdings Ltd. (FWD) on its issuance of US$1.15bn subordinated notes and concurrent tender offer for its US$900m 8.4% subordinated notes due 2029, as part of a broader refinancing exercise.
The notes, in two tranches of US$575m each, were issued on a Rule 144A/Reg S basis and are listed on the Hong Kong Stock Exchange and were issued pursuant to FWD’s US$5bn Global Medium Term Note and Capital Securities Programme.
The Linklaters team was led by capital markets partner Taiki Ki and counsel Christian Felton, supported by senior associate Shuopeng Yin.
Linklaters leads in high-profile debt and liability management transactions in Asia Pacific, advising on several landmark deals in recent years, including some of the largest offerings and concurrent liability management transactions in the region.