AIA Group Lists $18 Billion Note Program in Hong Kong; Shares Down 5%

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AIA Group (HKG:1299) said it applied to list its $18 billion global medium-term note and securities program in Hong Kong, according to a filing with the city's bourse Monday.

The program is valid for 12 months and will offer debt to professional investors, the firm said.

The listing is expected to become effective on Monday.

Shares of the insurer plunged 5% in Monday morning trade.

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