Fortis Retires US Dollar Debt Ahead Of IPO Of American Business

Fortis Group is buying back $550 million of its US dollar debt as part of a restructuring of its capital ahead of the flotation of its American insurance arm next year in a public offering that analysts expect to raise

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Fortis Group is buying back $550 million of its US dollar debt as part of a restructuring of its capital ahead of the flotation of its American insurance arm next year in a public offering that analysts expect to raise about Euros 4 billion.

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