Scor raises €300m in notes issue

Dennis Kessler, CEO and chairman of SCOR

Scor is set to raise €300m in a Tier 2 notes issue placement. The French reinsurer said it will use the proceeds “for general corporate purposes” and will be eligible as regulatory capital. The settlement is expected on 17 September. CEO Denis Kessler said the notes were oversubscribed by nine times. The coupon has been set at 1.375% until 2031…

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