Life & Health Insurance

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ING buys 57 mln euros of new NN Group shares to boost insurer's capital

Thursday, 21 May 2015 01:30am EDT

NN Group NV:ING Group has made a capital injection of 57 million euros into NN group by subscribing for newly issued shares for an aggregate amount of 57 million euros.Decision requires ING group to create a competitive bank in Netherlands separate from ING group.Following capital injection, ING Group's stake in NN group has increased slightly to 54.8 pct.ING Group injects 57 million euros in NN Group to the benefit of NN Bank to fulfil EC commitment on capitalisation of NN bank.Has through ING Bank provided a 63 million euros additional tier 1 capital facility to NN Bank to fulfill a commitment to European Commission (EC) pertaining to capitalisation of NN Bank.Capital injection against issuance of 2,178,899 ordinary shares in NN Group reflecting a price per share of 26.16 euros.Shares acquired are not subject to a lock-up NN Group's dividend policy remains unchanged.As announced previously, ING Group intends to divest its remaining stake in NN Group over time, in line with its strategy to divest all of its insurance and investment management businesses.

Anthem Inc prices offering of equity units

Wednesday, 6 May 2015 09:52pm EDT

Anthem Inc:Says pricing of its registered public offering of $1.175 billion in equity units.Each equity unit will be issued in a stated amount of $50 and will consist of contract to purchase Anthem's common stock in the future and a 1/20, or 5 pct., undivided beneficial ownership interest in a remarketable subordinated note due 2028 having a principal amount of $1,000.Says that it has also granted underwriters of equity units a 13-day option to purchase up to an additional $75 million in additional equity units, solely to cover overallotments.Intends to use net proceeds from offering, which are expected to be about $1.155 billion, or about $1.229 billion if over-allotment option is exercised in full), for general corporate purposes, including, but not limited to, the repurchase of a portion of Anthem's outstanding convertible debt.Credit Suisse and BofA Merrill Lynch are joint book-running managers for equity units offering.

Anthem Inc to offer equity units

Tuesday, 5 May 2015 04:05pm EDT

Anthem Inc:Intents to commence a registered public offering, subject to market conditions and other factors, of $900 million in equity units.Each equity unit will be issued in a stated amount of $50 and will consist of a contract to purchase Anthem's common stock in the future and a 1/20, or 5 percent, undivided beneficial ownership interest in a remarketable subordinated note due 2028 having a principal amount of $1,000.Also intends to grant to the underwriters of the equity units a 13-day option to purchase up to an additional $135 million in additional equity units, solely to cover overallotments.Intends to use the net proceeds from the offering of the equity units for general corporate purposes, including, but not limited to, the repurchase of a portion of Anthem's outstanding convertible debt.Credit Suisse and BofA Merrill Lynch are joint book-running managers for the equity units offering.

Seguros Sura increases capital by 20.27 mln nuevos soles

Monday, 6 Apr 2015 06:18pm EDT

Seguros Sura:Increases capital by 20,270,933 nuevos soles issuing new shares with the same rights as other shares.To increase capital by 6.16 pct, total number of shares to reach 349,435,797.

Delta Lloyd completes equity offering

Monday, 16 Mar 2015 04:57pm EDT

Delta Lloyd NV:Says it has completed an equity offering of 19.9 million new ordinary shares via an accelerated bookbuild.Shares were sold at a price of 17.00 euros per new ordinary share.Transaction was several times oversubscribed.

Delta Lloyd announces offering of 19.9 mln new ordinary shares

Monday, 16 Mar 2015 12:47pm EDT

Delta Lloyd NV:Announces offering of 19.9 mln new ordinary shares via an accelerated bookbuild transaction.Intends to use proceeds to further reinforce its solvency position in light of various uncertainties still associated with Solvency II.Closing of book is expected on March 17 before NYSE Euronext Amsterdam and NYSE Euronext Brussels markets open, subject to possible acceleration.Morgan Stanley is acting as sole global coordinator and joint bookrunner for offering.ABN Amro bank is acting as joint bookrunner for offering.

Discovery Ltd announces rights issue

Tuesday, 10 Mar 2015 07:21am EDT

Discovery Ltd:Board has resolved to raise 5 bln Rand in terms of the Rights Issue.Rights Issue will consist of an offer of 55,555,556 new Discovery shares in the ratio of 9.38641 new Discovery shares for every 100 Discovery shares held on the record date of the Rights Issue, being March 20, at an issue price of 90.00 Rand per Discovery share.

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Provider : Banorte-Ixe
$10.00
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$125.00
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$25.00
Provider : GlobalData
$125.00
Provider : GlobalData
$125.00

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