A large insurer says it has finished selling debt to institutional investors.
Prudential Financial Inc., Newark, N.J., has placed $3 billion in convertible senior notes that will be due in 2037.
December 14, 2007 at 09:14 PM
A large insurer says it has finished selling debt to institutional investors.
Prudential Financial Inc., Newark, N.J., has placed $3 billion in convertible senior notes that will be due in 2037.
Prudential also has bought back about $239 million in company stock. Most of the stock repurchased came from the holders of the convertible notes, the company says.
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