Genworth MI Canada considers debenture offering to fund redemption

By Cristal Cody

Tupelo, Miss., Feb. 10 – Genworth MI Canada Inc. announced on Monday that the company is considering pricing a debenture offering under its base shelf prospectus.

If an offering is completed, the company plans to use the proceeds for the potential redemption, refinancing and repayment of its outstanding 5.68% debentures due June 15, 2020 and any other outstanding debt, as well as for liquidity and capital management purposes.

Oakville, Ont.-based Genworth MI Canada operates private residential mortgage insurance provider Genworth Financial Mortgage Insurance Co. Canada.

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