Montpelier Re to redeem $228.01 million of 6.125% notes on Nov. 5

By Marisa Wong

Madison, Wis., Oct. 2 - Montpelier Re Holdings Ltd. gave notice that it will redeem its $228,009,000 of outstanding 6.125% senior notes due 2013 in full on Nov. 5.

The notes will be redeemed at par.

The company said on Oct. 2 that it planned to use proceeds from an offering of senior notes due 2022 to fund the redemption.

Based in Hamilton, Bermuda, Montpelier provides property and casualty reinsurance and insurance products.

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