TSX:DFYInsurance
Definity Financial (TSX:DFY) Plans CAD 1 Billion Private Placement With Senior Unsecured Notes
Definity Financial (TSX:DFY) recently announced a CAD 1 billion private placement aimed at bolstering funding through senior unsecured notes. This move, while significant, came against a mixed broader market backdrop where the Dow slipped 0.4%, and the Nasdaq hit new record highs. Despite such a varied environment, Definity's share price rose 3.64% over the past month. While the company's funding strategy may have offered confidence, market trends, including anticipated interest rate cuts and...