Sagen MI Canada Targets C$300M Bond Sale

Sagen MI Canada Bond Offering

Sagen MI Canada Inc., a Canadian insurer that provides mortgage‑default insurance, is preparing a bond issuance expected to raise approximately C$300 million (equivalent to about US$216 million). The debt is slated to have a seven‑year term to maturity. Executives from Sagen engaged with investors on Monday to discuss the offering. The company has not disclosed the specific allocation of the proceeds. Completion of the bond sale is dependent on market conditions, with the transaction anticipated to be priced and closed within the current week.