Aspen completes $389m fundraising
Bermudian (re)insurer Aspen Insurance Holdings has announced that it has completed the sale of 8.3m ordinary shares at a price to the public of $24 per share, to raise approximately $195m and of 4m Perpetual Preferred Income Equity Replacement Securities (PIERS) for net proceeds in the region of $194m
Aspen said it expects to use the total net proceeds of approximately $389m to make contributions to the capital and surplus of its operating subsidiaries and for general corporate purposes.
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