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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Business interruption
The @UKSupremeCourt has today delivered its verdict on the appeals heard in the #businessinterruption insurance test case. The response from ABI Director General, Huw Evans, can be read here - https://t.co/wcMx1u126p
— ABI (@BritishInsurers) January 15, 2021
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