NYSE:RGAInsurance
Reinsurance Group Of America Adds Long Dated Subordinated Debt Funding
Reinsurance Group of America (NYSE:RGA) has issued $400 million of long-dated fixed to floating rate subordinated debentures.
The new fixed income securities expand RGA's debt profile and add a fresh source of long term funding.
This transaction directly affects the insurer's capital structure and future interest obligations.
For investors watching NYSE:RGA, this new issue lands at a time when the stock trades around $220.42 and has logged a 12.1% return over the past 30 days. Over longer...