Reinsurance Group of America 5.75% Fixed to Floating Rate Sub Debenture Due 2056

By: ,

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

Click Here for the offering Prospectus and or final pricing documents

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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