Sagen MI Canada to redeem 4.242% debentures at par plus interest

By Wendy Van Sickle

Columbus, Ohio, June 14 – Sagen MI Canada Inc. announced the price at which it will redeem all of its outstanding 4.242% debentures due April 1, 2024 on June 19.

The company will pay par of C$1,000 plus C$9.18131503995669 per note, as determined on Wednesday, according to a news release.

There is C$169,934,000 aggregate principal amount of the debentures outstanding.

The company will redeem the 2024 debentures using proceeds of its issuance of new senior debentures, as previously reported.

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

© 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.