RSA to sell Scandinavian-currency perpetual contingent convertibles

By Susanna Moon

Chicago, March 8 – RSA Insurance Group plc plans to issue perpetual restricted tier 1 contingent convertible notes (/BB/).

The contingent convertible notes will be issued in one or more Scandinavian currencies under Regulation S, according to a company notice.

RSA is the ultimate parent company of Codan A/S and operates in Scandinavia as Trygg-Hansa and Codan. RSA Insurance Group is a British multinational general insurance company based in London.

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