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CME Group to redeem $612.5 million 4.4% notes due 2018 on April 8
By Jennifer Chiou
New York, March 10 – CME Group Inc. announced that its $612.5 million of 4.4% notes due 2018 will be redeemed in full on April 8.
The redemption price will be the greater of par and the sum of the present values of the remaining scheduled payments on the notes discounted to the redemption date, excluding accrued interest, on a semiannual basis at a rate equal to the sum of the applicable Treasury plus 20 basis points, plus accrued interest to April 8.
According to the redemption notice, the accrued interest will be $2.811111 for each $1,000 principal amount of notes.
As announced previously, the company said it will use proceeds from an offering of new notes due 2025 to fund the redemption.
The 4.4% notes were issued on March 18, 2010.
U.S. Bank Global Corporate Trust Services, New York is the trustee.
CME Group is a Chicago-based operator of futures exchanges and clearing houses.
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