Lancashire Holdings taps sub deal via PP

By Frank Jackman
30 Mar 2021

Lancashire Holdings returned to the market this week to privately tap its inaugural subordinated bond, following the launch of the deal earlier this month.

The insurer tapped its 5.625% 20.5 non-call 10.5 tier two note for $50m through a private placement on Tuesday. Morgan Stanley arranged the reopening. The tap price was not disclosed.

Lancashire had announced that it would raise a maximum of $450m when it originally syndicated the deal ...

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