Sagen MI considering offering of new hybrid notes

By Wendy Van Sickle

Columbus, Ohio, March 15 – Sagen MI Canada Inc. is considering a new hybrid note offering, according to a press release.

Proceeds would be used to strengthen the company’s capital base, for distributions to shareholders and for general corporate purposes.

Sagen is a private sector residential mortgage insurer based in Ontario, previously known as Genworth Canada.

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