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Prospect News home > News index > List of issuers O > Headlines for OneBeacon Insurance Group, Ltd. > News item
Published on 11/9/2012 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

OneBeacon sets Dec. 10 redemption date for all 5.875% senior notes

By Ashley Montgomery

Kansas City, Kan., Nov. 9 - OneBeacon Insurance Group Ltd. announced the date for its planned redemption of subsidiary OneBeacon U.S. Holdings, Inc.'s 5.875% senior notes due 2013, according to a news release.

The notes will be redeemed on Dec. 10.

The company plans to fund the redemption with proceeds from its $275 million offering of 4.6% senior notes due 2022.

The property and casualty insurance holding company is based in Hamilton, Bermuda.


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