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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