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Empire Life to redeem C$200 million 3.383% subordinated debentures
Chicago, Oct. 26 – Empire Life Insurance Co. will redeem all of the C$200 million outstanding 3.383% subordinated debentures, series 2016-1 due Dec. 26, 2026, according to a press release.
The debentures will be redeemed early on Dec. 16 at par plus accrued interest to the redemption date.
The issuer is a Kingston, Ont.-based life insurance company.
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