Intact sells almost $200mn debt for RSA purchase
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Intact sells almost $200mn debt for RSA purchase

Rachel Dalton
29 March 2021
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Canadian carrier Intact is to issue C$250mn ($198.5mn) of subordinated debt in order to fund its takeover, with Danish insurer Tryg, of RSA.

Intact will issue C$250mn in 4.125% fixed-to-fixed rate subordinated notes on 31 March this year with a 60-year maturity.

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Topics

News M&A RSA
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Rachel Dalton
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