NU Online News Service, Dec. 19, 2003, 12:52 p.m. EST – Scottish Re Group Ltd., Hamilton, Bermuda, says it and its investment bankers have assigned a price of $25 per unit to a previously announced offering of 5 million hybrid capital units.[@@]
Demand for the offering has been strong, and the investment bankers have exercised an option to buy an additional 750,000 units, Scottish Re says.
The units combine a share purchase contract and a convertible preferred share with a conversion price of $23.57.