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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 6/1/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

RSA Insurance plans to redeem all £350 million notes due 2024

Chicago, June 1 – RSA Insurance Group plc issued a redemption notice for all of its £350 million 1 5/8% senior notes due Aug. 28, 2024 (ISIN: XS2041038444), according to an announcement.

The London-based insurance company will redeem the notes on June 16.

The notes will be redeemed at the greater of par or the price as reported in writing to the issuer and the trustee by an independent adviser at which the gross redemption yield on the notes on the day which is two business days prior to the optional redemption date is equal to the reference bond redemption rate.

All redeemed notes will be canceled.


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