Ageas: grants subordinated loan to Belgian unit
(CercleFinance.com) - Ageas has approved a 225 million euro subordinated loan to its Belgian subsidiary AG Insurance as a partial replacement for a 550 million dollar note that is called this year.
The financial group said in a statement posted on Wednesday that the loan will mature in 2049, with a first call date in 2029, featuring an effective yield of 3.46% and a fixed interest rate of 3.25%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The financial group said in a statement posted on Wednesday that the loan will mature in 2049, with a first call date in 2029, featuring an effective yield of 3.46% and a fixed interest rate of 3.25%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.