Sep 2015 Financial News

Sagicor Financial Corporation – Notice of Redemption of Sagicor US$150 Million 7.50% 2016 Bond

Sep 14, 2015

On August 11, 2015, Sagicor Financial Corporation (SFC) notified stakeholders, that its wholly-owned subsidiary, Sagicor Finance (2015) Limited, had issued a new seven-year Bond. At that time, it was further disclosed that the purpose of the capital raising was, among other things, to refinance certain debt, including the US$150,000,000 ten-year Bond that had been issued in 2006 by its subsidiary Sagicor Finance Limited.

SFC now wishes to announce that it has, on September 10, 2015 redeemed the US$150 million 7.50% 2016 Bond at a total redemption price of US$160,493,000.

ABOUT SAGICOR

Sagicor is a leading provider of financial services in the Caribbean. Operating in 23 countries, including the USA and Latin America, Sagicor has total assets of US $6.2 billion, and $774 million in capital. The Sagicor Group offers a wide range of products and services including life insurance, annuities, banking and group and individual

health, and has an insured base in the region of two (2) million. Sagicor is a widely-held publicly-traded company with over 36,000 Shareholders, and is listed on the stock exchanges of Barbados, Trinidad and Tobago and London.

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday September 14, 2015