XL hits euro market for first time since Catlin takeover
Insurer XL Group set terms for €500m of subordinated notes in a 30 year non-call 10 deal on Thursday, taking advantage of low rates in the euro market.
Final terms were set at 265bp over mid swaps. The deal was the Bermuda-based insurer’s first foray into the European market since its May 2015 takeover of Catlin, a UK-listed insurance firm.Bookrunners were Barclays, Credit Suisse, Goldman Sachs and HSBC. Initial price thoughts ...
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