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


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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