Lloyd's Sets ?500M Debt Issue Terms
NU Online News Service, Nov. 11, 10:52 a.m. EST?Lloyd's announced yesterday that it has set the financial terms for a subordinated debt issue, worth about U.S. $923 million, designed to further strengthen Lloyd's long-term capital structure.[@@]
The ?500 subordinated debt issue, first announced Oct. 13, was described by Lloyd's Chief Executive Nick Prettejohn as "a very successful transaction."
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