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Insurance company Sagen MI Canada Inc. is looking to raise around $300 million through a bond sale as soon as this week, according to people familiar with the matter.
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The debt will likely mature in seven years, the people said, asking not to be identified as they aren’t authorized to speak publicly. Executives spoke with investors on Monday.
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A representative with the firm didn’t immediately respond to a request for comment.
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Sagen provides mortgage–default insurance.
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