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Published on 8/26/2020 in the Prospect News Emerging Markets Daily.

New Issue: Bermuda prices $1.35 billion of senior notes in four parts

By Sarah Lizee

Olympia, Wash., Aug. 26 – Bermuda priced $1.35 billion of senior notes in four parts, according to a press release.

The parts include $382,105,000 of 2 3/8% Rule 144A notes due Aug. 20, 2030, $391,596,000 of 3 3/8% Rule 144A notes due Aug. 20, 2050, $292,895,000 of 2 3/8% Regulation S notes due Aug. 20, 2030 and $283,404,000 of 3 3/8% Regulation S notes due Aug. 20, 2050.

The notes are listed on the Bermuda Stock Exchange.

Issuer:Bermuda
Issue:Senior notes
Amount:$1.35 billion
Announcement date:Aug. 26
Rule 144A notes due 2030
Amount:$382,105,000
Maturity:Aug. 20, 2030
Coupon:2 3/8%
Distribution:Rule 144A
Rule 144A notes due 2050
Amount:$391,596,000
Maturity:Aug. 20, 2050
Coupon:3 3/8%
Distribution:Rule 144A
Regulation S notes due 2030
Amount:$283,404,000
Maturity:Aug. 20, 2030
Coupon:2 3/8%
Distribution:Regulation S
Regulation S notes due 2050
Amount:$292,895,000
Maturity:Aug. 20, 2050
Coupon:3 3/8%
Distribution:Regulation S

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