Sagen MI Canada Inc. announced that it will issue senior direct, unsecured and unsubordinated debentures for the gross proceeds of CAD 200 million on May 16, 2023. The debentures will bear interest at a fixed annual rate of 5.909%, payable semi-annually in equal instalments in arrears on May 19 and November 19 in each year, commencing on November 19, 2023, until maturity on May 19, 2028, unless redeemed at an earlier date. The debentures are expected to be issued on May 19, 2023.