ALPS Capital II calls $370 million of notes from four series

By Toni Weeks

San Diego, Sept. 16 - ALPS Capital II plc has issued a call to redeem its $220 million of series A floating-rate notes due Sept. 30, 2025, $90 million of series B floating-rate notes due 2025, $30 million of series C fixed-rate notes due Sept. 30, 2025 and $30 million of series D fixed-rate notes due Sept. 30, 2025.

According to a company filing with the Irish Stock Exchange, the notes will be redeemed in full on Sept. 30.

Alps Capital operates as a subsidiary of Zurich-based Swiss Reinsurance Co. and is an embedded value life insurance-linked securitization backed by a closed block of life insurance policies. Its registered office is in Dublin.

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