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RenaissanceRe plans offering of $25-par series F preference shares
By James McCandless
San Antonio, June 11 – RenaissanceRe Holdings Ltd. plans to price $25-par series F preference shares, according 424B2 filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are the joint bookrunners.
The deal was announced Monday morning.
The preference shares will be callable after five years at par.
RenaissanceRe plans to use the proceeds for general corporate purposes.
The company intends to list the notes on the New York Stock Exchange under the symbol “RNRPrF.”
RenaissanceRe is a Bermuda-based insurance provider.
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