Insurance Underwriter - Capital Offerings
RGA prices $400M of senior unsecured notes November 04, 2009 2:27 AM ET By Heta Shah
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Reinsurance Group of America Inc. said Nov. 3 that it priced $400 million aggregate principal amount of senior unsecured notes due 2019, pursuant to a public offering. The notes have a 10-year final maturity, an issue price of 99.83% with a fixed-rate coupon of 6.45%, payable semiannually. The company expects to use the net proceeds from the offering for general corporate purposes. Reinsurance Group of America expects to complete the offering on Nov. 6, subject to customary closing conditions. |