IPC in $600m fundraising
Bermudian reinsurer IPC Holdings has announced it is to sell $362.8m in common stock and $236.25m in preference shares to gross approximately $600m in funds.
Underwriters of the public share issue have been granted an option for a further $36.2m in stock and major shareholder AIG is being offered enough stock to maintain its 24.2% level of ownership inOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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