(Reuters) - Goldman, Sachs & Co. is the sole structuring
coordinator for the offering.
Progressive said at its investor meeting on June 14 that it
would sell the hybrids, which allow companies to raise cash
more cheaply than in the stock market without adding debt to
the balance sheet, to fund a $3 billion buyback and special
dividend.
Read more at Reuters.com Bonds News
coordinator for the offering.
Progressive said at its investor meeting on June 14 that it
would sell the hybrids, which allow companies to raise cash
more cheaply than in the stock market without adding debt to
the balance sheet, to fund a $3 billion buyback and special
dividend.
Read more at Reuters.com Bonds News
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