Debevoise & Plimpton LLP has advised AIA Group Limited in its $600 million offering of 4.95% notes due 2033.

The offering is part of AIA Group’s $16 billion Global Medium Term Note and Securities Programme.

The Notes were offered inside the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, and outside of the United States non non-US persons in accordance with Regulation S under the Securities Act.

Debevoise has advised AIA in offerings of senior notes and subordinated securities qualifying as “Tier 2” capital under Hong Kong insurance guidelines since its establishment in 2013.

The Debevoise team was led by partner James Scoville, and included partner Nicholas Pellicani, and associates Monisha D’Souza and Sheng Shao. Tax advice was provided by partner Cécile Beurrier and associate Sabrina Hsieh.