Beazley to sell dollar-denominated offering of tier 2 notes

By Devika Patel

Knoxville, Tenn., Sept. 3 – Beazley Insurance DAC will conduct a dollar-denominated offering of subordinated tier 2 notes, according to a press release. The deal was announced on Aug. 27.

The notes will have a tenor of 10 years and are expected to be rated BBB+ by Fitch Ratings.

J.P. Morgan Cazenove, Lloyds Bank Corporate Markets Wertpapierhandelsbank and NatWest Markets are the bookrunners.

Beazley is a subsidiary of Beazley Group Ltd., the Dublin-based parent company of specialist insurance businesses.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.