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Scottish Annuity Raises $15 Million More

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NU Online News Service, Nov. 27, 9:40 a.m. – Scottish Annuity & Life Holdings Ltd., Hamilton, Bermuda, says its previously announced $100 million convertible note sale has been successful enough that the initial purchasers have used an option to buy $15 million in additional notes.

The notes pay an interest rate of 4.5% and are due in 2022.

The holders can convert the notes into common stock at a price of $21.71 per share.


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