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Phoenix Life will redeem 7¼% subordinated notes in March
Chicago, Feb. 8 – Phoenix Life Ltd. announced an upcoming redemption of its £200 million 7¼% undated subordinated notes (ISIN: XS0133173137), according to an announcement.
The notes will be redeemed at par plus interest to, but excluding, the March 25 redemption date.
Phoenix Life is the life insurance business of Birmingham, England-based Phoenix Group Holdings, which specializes in managing closed life and pension funds.
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