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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
September 22, 2005 at 08:00 PM
Nationwide Financial Services Inc., AmerUs Group Company and Genworth Financial Inc. have priced public securities offerings.[@@]
- Nationwide, Columbus, Ohio, says it will borrow $200 million from public investors by issuing senior notes that will pay an interest rate of 5.1% per year and are due Oct. 1, 2015.
The company intends to use the proceeds to redeem all of the outstanding 7.1% Trust Preferred Securities issued by Nationwide Financial Services Capital Trust II.
- Genworth, Richmond, Va., says its onetime corporate parent, General Electric Company, Fairfield, Conn., is pushing ahead with efforts to diversify away from Genworth stock. General Electric will be selling 80 shares of Genworth Class A common stock to the public at a price of $29.50 per share.
General Electric also has agreed to sell 21 million shares to Citigroup Global Markets Inc., an affiliate of Citigroup Inc., New York, that will issue securities exchangeable for Genworth Class A shares.
- AmerUs, Des Moines, Iowa, has priced a public offering of $150 million Series A Non-Cumulative Perpetual Preferred Stock at an annual rate equal to 7.25% applied to the liquidation preference of $25 per share. The company also has granted underwriters an option for 30 days to purchase up to a 900,000 additional shares if the base offering sells out.
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