Hartford Financial plans to redeem 7.875% fixed-to-floaters due 2024

Chicago, Sept. 16 – Hartford Financial Services Group, Inc. plans to redeem its outstanding $600 million 7.875% fixed-to-floating rate junior subordinated debentures due 2024 with the proceeds of a new offering of notes due 2051, according to a 424B5 filing with the Securities and Exchange Commission.

The company noted that the subordinated notes are redeemable at par starting April 15, 2022.

Hartford is an insurance and financial services company based in Hartford, Conn.

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