Loan & DebtMay 1, 2026, 04:27 PM
Reinsurance Group of America to Redeem $400M Debentures Due 2056
AI Summary
Reinsurance Group of America announced it will redeem all of its outstanding $400 million aggregate principal amount 5.75% Fixed-to-Floating Rate Subordinated Debentures due 2056. The redemption will occur on June 15, 2026, at a price equal to 100% of the principal amount plus accrued and unpaid interest. This action will cease interest accrual on the debentures as of the redemption date.
Key Highlights
- Reinsurance Group of America to redeem $400 million of 5.75% Fixed-to-Floating Rate Subordinated Debentures.
- The debentures are due 2056 and listed on the NYSE under symbol "RZB."
- The redemption date is scheduled for June 15, 2026.
- The redemption price will be 100% of the outstanding principal amount.
- Accrued and unpaid interest will be paid up to, but excluding, the redemption date.
- Interest on the redeemed debentures will cease to accrue as of June 15, 2026.
Price Impact
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