Sagicor taps 2028 bonds to fund US operations

Sagicor taps 2028 bonds to fund US operations

Corporate & Sovereign Strategy Bonds Debt Capital Markets Barbados Fixed Income

Barbados-based financial services conglomerate Sagicor Financial Corporation added $150 million to its 5.3% 2028 bonds on Wednesday, filling out the deal after orders peaked above $200 million, a source close to the deal told LatinFinance.  "Not well demanded as it is a relatively small company," the source said.  Sagicor priced the tap at 101.5 to yield 5.023% after opening the deal with the reoffer price around 101, according to the source. "They were quoted little above 103 before the reopeni

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial