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New Issue-RenRe North America sells $250 mln notes
March 12, 2010 / 7:02 PM / 8 years ago

New Issue-RenRe North America sells $250 mln notes

 March 12 (Reuters) - RenRe North America Holdings Inc, a subsidiary of RenaissanceRe Holdings Ltd (RNR.N), sold $250 million of senior unsecured notes on Friday, said IFR, a Thomson Reuters service.
 The notes were guaranteed by RenaissanceRe Holdings Ltd.
 Bank of America-Merrill Lynch and Citigroup were the joint bookrunning managers for the sale. BORROWER: RENRE NORTH AMERICA HOLDINGS INC AMT $250 MLN      COUPON 5.75 PCT     MATURITY 3/15/2020  TYPE SR NOTES     ISS PRICE 99.633    FIRST PAY 9/15/2010 MOODY‘S A3        YIELD 5.799 PCT     SETTLEMENT 3/17/2010 S&P SINGLE-A      SPREAD 210 BPS      PAY FREQ SEMI-ANNUAL FITCH BBB-PLUS     MORE THAN TREAS    MAKE-WHOLE-CALL 30 BPS  

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