The planned 10-year Reg S bond will be used for refinancing and general corporate purposes, marking the insurer’s first return to offshore debt markets in more than a year.
FWD’s new issuance comes after its Hong Kong IPO in July, with proceeds aimed at reducing funding costs and supporting capital strength as profitability improves.
The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.
