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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
christmas donations
We’re delighted to announce our general insurance business is supporting the @family_action #Christmas2020 #ToyAppeal🧒🎄We've set a 500 gift target from our people and will match with a further 500 gifts from LV=🎁💚Find out more: #MakeTheirsMagic✨https://t.co/x9uxd0oInS pic.twitter.com/69o2xc1eVD
— LV= (@lv) November 26, 2020
Most read
- FCA's product governance proposals could have longer term impact than price walking ban
- Kingfisher alleges deceit and software breaches in £25m claim against ex-Fresh owners
- Spotlight: Sustainability: The impact of modern methods of construction on insurers
- Blog: Building a more sustainable approach to motor claims
- Cold call claims fraudsters come up with fresh scam, insurers warned
- Spotlight: Sustainability: Modern methods of construction
- Axa blames Lockton errors in defence to property developer's fire claim