Beazley closes £75mn retail bond issue
Lloyd's and international (re)insurer Beazley Group has closed its 5.375 percent UK retail bond at the top end of its expected £50mn-£75mn range, reflecting strong investor interest in the issue.
The notes are due in 2019 and the firm said expects net proceeds of some £74.25mn after commissions and expenses.
The firm announced yesterday that the offer, which launched on 7 September and was originally scheduled to close on 20 September, would close two days early.
The debt, which is...
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