Rothesay Life raises £700m in debut bond issue
By IAN Editorial Desk Rothesay Life raised £700m of subordinated capital in 2017 through its debut bond issue and a follow‑on private placement, reshaping...
Rothesay Life raised £700m of subordinated capital in 2017 through its debut bond issue and a follow‑on private placement, reshaping its liability structure as new business volumes grew. The transactions sat alongside bank debt repayment and rising equity release exposure, against a year‑end solvency coverage ratio of 163%.
The year was marked by a shift from bank funding to longer‑dated…
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