Genworth Taps Swap To Cut Funding Rate

31 May 2007

Genworth Financial lowered the interest rate it will pay on a remarketed that bond offering thanks to a forward-starting interest-rate swap Gary Prizzia, v.p. and treasurer, executed with Lehman Brothers before the bond sale.

Genworth Financial lowered the interest rate it will pay on a remarketed that bond offering thanks to a forward-starting interest-rate swap Gary Prizzia, v.p. and treasurer, executed with Lehman Brothers before the bond sale. The insurance company sold USD600 million in 5.231% two-year global bonds (A/A2), but Genworth ...

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