Definity Financial is preparing a debt sale totalling C$1bn ($723m) ahead of its acquisition of Travelers Canada, reported Bloomberg, citing sources. The debt offering will be structured in two tranches of five and ten years. According to the unnamed sources, the five-year portion could be priced at a margin of 0.95–1.05 percentage points above the benchmark government rates. The price for the ten-year part is estimated to be in the 1.15–1.25 percentage point band. No official comment has been made by ...