Lloyd’s of London debuts in US private placements
The Society of London, better known as Lloyd’s of London, is marketing a US private placement (PP). The insurance organisation's debut in PPs in its 333 year history is another sign the market is attracting a wider range of UK companies than ever before.
Barclays is organising the debut transaction for the insurance and reinsurance market, broadly marketing prospective PPs to institutional investors in the UK and North America.According to sources in the market, Lloyd’s is looking to sell long-dated debt — with maturities of around 20 years — for an ...
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