Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter. The move comes as the Canadian insurer seeks to strengthen its capital position amid evolving market conditions. Sagen, a major provider of mortgage insurance in Canada, has been active in debt markets to support its operations and growth strategy.

The proposed bond issuance reflects ongoing efforts by financial institutions to secure funding in a volatile interest rate environment.