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JMP Group calls $10 million of 7.25% $25-par notes due 2027 at par
By Marisa Wong
Los Angeles, May 26 – JMP Group LLC announced that wholly owned subsidiary JMP Group Inc. has issued a redemption notice to holders of its 7.25% senior notes due 2027 (Cusip: 466273109).
JMP will redeem $10 million of the $25-par notes on June 25 at par plus accrued interest to the redemption date, according to a press release.
As of May 25, $40 million of the notes were outstanding.
U.S. Bank NA is trustee.
JMP Group is a diversified capital markets firm based in San Francisco.
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