Ally Financial to redeem all $704 million of 7¼% senior notes due 2033

By Tali David

Minneapolis, Dec. 23 - Ally Financial Inc. will exercise its right to redeem all $704 million of its 7¼% senior notes due Feb. 7, 2033, according to a press release.

The notes will be redeemed at par of $25 per note plus accrued interest of $0.3726 per note on Jan. 21.

The Bank of New York Mellon is the trustee and paying agent.

Ally Financial is a Detroit-based automotive financial services company.

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