Tuesday, May 26, 2009

 

Canada Offering Guarantees of Life Insurers’ Debt

Canada began guaranteeing borrowings by life insurance companies in the latest effort to ease credit conditions for the country’s financial institutions.

The Canadian government is offering to guarantee life insurer debt with maturities of three months or more at a base fee of 110 basis points, the Finance Department said in a statement on its Web site...

Bloomberg: Canada Offering Guarantees of Life Insurers’ Debt

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