Reinsurance Group of America 5.75% Fixed to Floating Rate Sub Debenture Due 2056
By: Tim McPartland,
Date Issued 6/1/2016
Shares Issued 16,000,000 Overallotment Shares None
S&P Rating BBB Moodys Baa2
Security Ticker Symbol RZB
Market Traded ON NYSE
Interest Payment Paid on the 15th of March, June, September and December beginning on 9/15/2016
Quarterly Interest .359 Annual Interest 1.4375
Securities may be redeemed, at the issuers option, as early as 06/15/2026 for a redemption price of $25/share plus accrued interest
Interest rate will float starting 6/15/2026 at a rate of 3 month libor plus 4.04% reset quarterly.
Interest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they do not qualify for preferential tax rates.
Maturity Date 06/15/2056
Company Investor Relations Page for Reinsurance Group of America