Ardonagh moves forward with $500m notes offering
Under the terms of the bond the cash interest rate is 11.5% while the PIK rate is 12.75%.
The notes, priced at an issue price of 99%, run until 2027 and are expected to be issued on 14 July.
They
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Insurer-backed Covid-19 Support Fund raises £2.5m for Business in the Community
Our industry came together to create the @C19SupportFund and support those in need. Today it’s announced a £2.5m donation to @BITC and that the Fund is a founding partner of the National Business Response Network to support their vital work #NBRN. https://t.co/gUTzCpX1ky pic.twitter.com/GgZDWehYkx
— ABI (@BritishInsurers) July 9, 2020
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