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FIG

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.

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