By Wendy Van Sickle
Columbus, Ohio, Jan. 20 – Randall & Quilter Investment Holdings Ltd. placed $20 million of floating rate subordinated notes due December 2023 via R&Q Re (Bermuda) Ltd., the group's class 3A insurer, according to a press release.
”We are really pleased to have completed this issue of tier 2 eligible capital out of R&Q Re (Bermuda) to help fund our fast growing legacy activity in the US and offshore US markets and to strengthen the balance sheet of this key group insurance carrier,” Ken Randall, chairman and chief executive officer of the group, said in the release.
Hamilton, Bermuda-based Randall & Quilter is focused on insurance investments and services and underwriting management.
| Issuer: | R&Q Re (Bermuda) Ltd.
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| Issue: | Subordinated notes
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| Amount: | $20 million
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| Maturity: | December 2023
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| Coupon: | Floating
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| Announcement date: | Jan. 20
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