SCOR greenshoe exercised, raising convertibles to €200 million

New York, June 29 - SCOR SA said the underwriters of its recent offering of convertible bonds in the Oceanes structure exercised the €20 million over-allotment option in full, raising the size of the deal to €200 million.

SCOR originally priced €180 million of the securities on June 24 to yield 4.125% with a 65% initial conversion premium.

Joint lead managers were BNP Paribas, Goldman Sachs and HSBC.

SCOR is a Paris-based property and casualty insurer.

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