RZB Reinsurance Group of America Inc 5.75% Fixed-To-Floating Rate Subordinated Debentures due 2056
The Debentures will initially bear interest commencing on June 8, 2016 to, but excluding, June 15, 2026, at an annual rate of 5.75%. Interest is payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year. Commencing on, and including, June 15, 2026, to but excluding the maturity date unless redeemed or repaid earlier, the Debentures will bear interest at an annual rate equal to the sum of three-month LIBOR, reset quarterly, plus 4.04%; provided that any such sum shall not be less than zero. So long as no event of default with respect to the Debentures has occurred and is continuing, we have the right, on one or more occasions, to defer the payment of interest on the Debentures as described in this prospectus supplement for one or more periods of up to five consecutive years without giving rise to an event of default. Deferred interest will accumulate additional interest at an annual rate equal to the annual interest rate then applicable to the Debentures. On or after June 15, 2026, the issuer may redeem the Debentures, in whole or in part, at their principal amount plus accrued and unpaid interest to, but excluding, the date of redemption. This security was issued by Reinsurance Group Of America Inc, whose common stock symbol is RGA.
$25.10 +0.24 (0.95%)
As of 03/27/2023 10:59:47 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Exchange traded debt
Category3: Long-term
GICS sector: Financials
Industry: Insurance—Reinsurance
Index country: USA
Country of incorporation: USA
IPO date: 06/13/2016
Outstanding shares: 16,000,000
Average volume: 28,487
Market cap: $396,400,000
Current dividend yield: 5.80% calculation
Initial coupon rate: 5.750%
Spread to LIBOR: 0.040400
Liquidation value: $25.00
Callable after: 06/15/2026
Maturity date: 06/15/2056
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BYT3Q98