Old Mutual raises R2 billion in successful bond programme

The insurer initially planned to tap the market for R1.5bn, but increased this amid high levels of interest

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Insurer Old Mutual, which has recently been beset by weak new business volumes and hefty business interruption claims as a result of the Covid-19 pandemic, says its successful raising of R2bn through a bond issuance is a sign of the underlying value of its business...

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