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Conseco to tender for remaining Conseco Finance bonds
New York, Feb. 21 - Conseco, Inc. announced it is tendering for all the remaining $171 million of Conseco Finance Corp.'s outstanding bonds.
The Carmel, Ind. insurance company is offering par for Conseco Finance's $167 million of 6½% notes due Sept. 26, 2002 and $4 million of 6.52% notes due April 7, 2003.
The tender expires on April 12 which Conseco said will give noteholders the opportunity to see the audited financial statements in the 10-K filings of both the parent company Conseco and its Conseco Finance unit.
Conseco's latest tender follows the announcement in late January of a tender for the $110.5 million of 10¼% senior subordinated notes due June 1, 2002, also at par. That tender expires on March 1.
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