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Peak Re first HK based reinsurer to issue public hybrid securities
Peak Re has announced that its wholly-owned subsidiary Peak Re (BVI) Holding Limited, has successfully completed the issuance of USD250 million of perpetual subordinated guaranteed capital securities (the “Securities” or the “Transaction”) at 5.35 per cent. The Securities are rated Baa2 (hyb) by Moody’s, and unconditionally and irrevocably guaranteed by ...