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Athene closes depositary share offering

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Athene closes depositary share offering

Athene Holding Ltd. consummated a public offering of 13.8 million depositary shares, each representing a fractional interest in its 5.625% fixed-rate perpetual noncumulative series B preference shares, $1.00 par value and $25,000 liquidation preference per share.

The offering includes the underwriters' overallotment option to purchase an additional 1.8 million depositary shares.

Dividends will be paid on a noncumulative basis on March 30, June 30, Sept. 30 and Dec. 30 of each year, starting Dec. 30.

Wells Fargo Securities LLC, BofA Securities Inc., UBS Securities LLC and RBC Capital Markets LLC are joint book-running managers for the offering.