UK insurer Royal & Sun Alliance (R&SA) last Thursday (20 April) announced plans to swap its US dollar subordinated bonds – so-called “Yankee Bonds” – for sterling perpetual guaranteed bonds to boost regulatory capital.
UK insurer Royal & Sun Alliance (R&SA) last Thursday (20 April) announced plans to swap its US dollar subordinated bonds – so-called “Yankee Bonds” – for sterling perpetual guaranteed bonds to boost regulatory capital.