Clear Blue to issue $40mn+ Piper Sandler-placed surplus note with 8.75% coupon

By James Thaler

Published: Wed 15 Jan 2025

Clear Blue is close to securing an oversubscribed $40mn+ capital injection through a surplus note placed by investment bank Piper Sandler, a deal that carries a 20-year maturity and an 8.75 percent coupon, Program Manager can reveal.