Validus prices offering
Bermuda-based reinsurance and insurance operation Validus Holdings, has priced a registered offering of $250m (£154m) aggregate principal amount of 8.875% notes that being sold to the public at a price of 98.71% of principal.
The offering is expected to close on or about 26 January 2010, subject to customary closing conditions. The company said it intends to use the net proceeds from this offering for general corporate
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