trending Market Intelligence /marketintelligence/en/news-insights/trending/cw8sqlvfat9misuqg1l1rw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Validus issues redemption notices for junior notes

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February


Validus issues redemption notices for junior notes

Validus Holdings Ltd. issued redemption notices for two sets of junior subordinated debentures.

These are the company's junior subordinated deferrable interest debentures due June 15, 2036, and its junior subordinated deferrable interest debentures due June 15, 2037.

The redemption date is Dec. 17. The notes will be redeemed at 100% of the principal amount, plus accrued and unpaid interest, up to, but excluding, the redemption date.

The notes will no longer accumulate interest and be no longer deemed outstanding after the redemption date. The rights of the holders of the junior notes will also terminate.