ST. LOUIS--(BUSINESS WIRE)--Aug. 14, 2012--
Reinsurance Group of America, Incorporated (NYSE:RGA) announced today
that it has priced an aggregate principal amount of $400 million of 6.20
percent fixed-to-floating rate subordinated debentures due 2042 pursuant
to a public offering. RGA expects to use the net proceeds from the
offering for general corporate purposes.
Barclays Capital Inc., UBS Securities LLC and Wells Fargo Securities,
LLC are acting as the joint book-running managers.
The debentures have a 30-year final maturity, an issue price of $25 per
debenture, and feature a fixed rate coupon of 6.20 percent, payable
quarterly in arrears commencing on December 15, 2012, to and including
September 15, 2022. Commencing on September 15, 2022, to the maturity
date unless redeemed or repaid earlier, the debentures will bear
interest at an annual rate equal to three-month LIBOR, reset quarterly,
plus 4.37 percent payable quarterly in arrears. RGA expects to close the
offering on August 21, 2012, subject to customary closing conditions.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
debentures in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. This offering is being made solely by means of a
prospectus and prospectus supplement.
Copies of the prospectus and prospectus supplement relating to the
debentures may be obtained by contacting Barclays Capital Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, telephone (877) 603-5847 or e-mail a request to barclaysprospectus@broadridge.com,
or from UBS Securities at 299 Park Avenue, New York, NY 10171,
Attention: Prospectus Specialist or (877) 827-6444, ext. 561 3884, or
from Wells Fargo Securities, LLC at 1525 West W.T. Harris Blvd., NC0675,
Charlotte, North Carolina 28262, Attn: Capital Markets Client Support,
Toll-Free: 1-800-326-5897 or via email at cmclientsupport@wellsfargo.com.
Before you invest, you should read the prospectus and the prospectus
supplement, the registration statement and other documents that RGA has
filed with the Securities and Exchange Commission (the “SEC”) for more
complete information about RGA and this offering. Investors may also
obtain these documents for free by visiting the EDGAR system on the
SEC’s website at www.sec.gov
or by contacting the underwriters with your request.
About Reinsurance Group of America
Reinsurance Group of America, Incorporated is among the largest global
providers of life reinsurance, with operations in Australia, Barbados,
Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland,
Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland,
Singapore, South Africa, South Korea, Spain, Taiwan, the United Arab
Emirates, the United Kingdom and the United States. Worldwide, the
company has approximately $2.8 trillion of life reinsurance in force,
and assets of $38.3 billion.

Source: Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated
John W. Hayden,
636-736-7000
Senior Vice President – Controller and Investor
Relations