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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 5/16/2023 in the Prospect News Canadian Bonds Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Sagen may redeem 2.242% debentures due 2024 via new notes

By Wendy Van Sickle

Columbus, Ohio, May 16 – Sagen MI Canada Inc. may redeem its outstanding 2.242% debentures due April 1, 2024 with proceeds of an issuance of C$200 million of 5.909% senior debentures, which priced on Tuesday, according to a news release.

Proceeds may also be used to refinance other debt and for liquidity and capital management purposes.

Sagen is a private sector residential mortgage insurer based in Ontario.


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