ITT Financial to redeem $1 million of floaters due 2048 at par

By Toni Weeks

San Diego, Sept. 2 - ITT Financial Corp. has issued a call to redeem its $1 million of floating-rate debentures due Aug. 25, 2048, according to an announcement.

The redemption will occur on Oct. 17 at a redemption price of par plus accrued interest to the redemption date.

U.S. Bank Corporate Trust Services (800 934-6802) is the trustee.

Crystal, Minn.-based ITT Financial is a subsidiary of ITT, a high-technology engineering and manufacturing company that focuses on fluid technology, defense and information solutions and motion and flow control.

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