Monday 07 November 2016 by FIIG Research Company factsheets

Genworth Holdings Inc. USD 7.625% 24 September 2021 senior unsecured bond factsheet


Genworth Holdings Inc. USD 7.625% 24 September 2021 Senior Unsecured Bond

Genworth Financial, Inc. (“Genworth”) is a leading Fortune 500 insurance holding company helping families achieve homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. It has a market capitalisation of USD2bn (as at 3 November 2016). Genworth Holdings Inc. is a direct, 100% owned subsidiary of Genworth Financial, Inc. In October 2016, it was announced that China Oceanwide entered into a definitive agreement to acquire all of Genworth’s outstanding shares for approximately USD2.7bn. Genworth expects the takeover to close prior to 31 August 2017 however it is subject to shareholder and regulatory approvals.