RSA raises £350m to spend across the business
The notes are not intended for a specific transaction.
Insurer RSA has priced senior notes to the value of £350m according to a filing on the London Stock Exchange.
The senior notes, which will mature in 2024, have been issued at a price of 99.753% and will bear an interest rate of 1.625%.
An RSA spokesperson commented: “We are bringing to market a senior bond issue of benchmark size. Proceeds will be used for general corporate purposes and to increase flexibility in capital flows across the Group and are not intended for a specific transaction.”
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