Catlin in $200m rights issue
Catlin, the Lloyd's reinsurer, said that it is looking to raise $200m in a fully underwritten rights issue in an effort to take advantage of the hardening reinsurance market.
The rights issue - which sources close to the situation was 1.5 times oversubscribed - will offer shares at a discount of 47%, and will offer two new common shares for every five shares currentlyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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