All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Demand pushes Old Mutual to add to buyback

Insurer Old Mutual has increased the buyback of its Eu750m 4.5% 2017 tier two bond after investors put forward 97% of the issue for the cash tender offer. The insurer increased the buyback amount to Eu550m from an initial target of Eu500m, after investors tendered Eu727.5m of bonds.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree