RenRe prices $400m debt offering
Bermudian reinsurer RenaissanceRe Holdings Ltd is to offer $400 million of senior notes.
The notes offer investors a 3.6 per cent yield and are due 2029. The company said it expects to close the offering on or about April 2, 2019, subject to customary closing conditions.
The senior notes have been rated A3 by Moody's Investors Service and A- by Standard & Poor's.
The debt offering comes days after RenRe completed its $1.5 billion takeover of Tokio Millennium Re.
Citigroup Global Markets, Merrill Lynch, Pierce Fenner & Smith, Morgan Stanley and Wells Fargo Securities served as joint book-running managers.
The notes are being offered pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission.