November 27, 2002 at 07:00 PM
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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