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Prospect News home > News index > List of issuers Tenders > Headlines for 2011 > News item
Published on 11/30/2011 in the Prospect News Liability Management Daily.

Ecclesiastical Insurance gets approval to redeem 13% debenture stock

By Marisa Wong

Madison, Wis., Nov. 30 - Ecclesiastical Insurance Group plc said that shareholders approved an extraordinary resolution at a meeting on Tuesday to redeem all of its 13% debenture stock due 2018.

The company previously announced that the total principal amount of the debenture stock is £6 million.

The stock will be purchased at £130 per £100 principal amount, plus accrued interest to the redemption date.

Payment will be made on Dec. 2.

Ecclesiastical is a Gloucester, England-based financial services group.


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