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RSA announces tender offer

21 March 2017 13:18

RSA Insurance Group has invited Noteholders to tender their Notes for purchase by the Company for cash.

RSA said the purpose of the tender offer is to optimise the capital structure of the Group.

The offer relates to its outstanding £500m Fixed Rate Guaranteed Subordinated Step-up Notes due 2039 and £375m 6.701% Perpetual Guaranteed Subordinated Capital Securities.

At 1:18pm: (LON:RSA) RSA Insurance Group PLC share price was +4p at 597.5p

Story provided by StockMarketWire.com

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