AIZN Profile
Assurant Inc. 5.25% Subordinated Notes due 2061 (AIZN) are a type of bond issued by Assurant, Inc., a publicly traded insurance company. The notes were issued in 2016 and have a face value of $25 per note. AIZN pays a fixed interest rate of 5.25% per year and matures on November 15, 2061.
AIZN is considered a subordinated debt, which means that in the event of a bankruptcy or other liquidation of Assurant, the holders of AIZN would be paid after other creditors, such as senior bondholders and other lenders. However, AIZN is still considered a relatively safe investment due to Assurant's strong credit rating and stable financial position.
AIZN is traded on the New York Stock Exchange under the symbol "AIZN". As with any bond, the price of AIZN may fluctuate based on market conditions and changes in interest rates. Investors interested in purchasing AIZN should carefully consider their investment goals, risk tolerance, and financial situation before making any investment decisions. Additionally, AIZN may be subject to risks related to the insurance industry, including changes in regulatory policies and competitive pressures.
|
