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Hannover Finance exercises call on all €500 million fixed-to-floaters
By Tali Rackner
Norfolk, Va., April 8 – Hannover Finance (Luxembourg) SA exercised the call option on all of its €500 million 5% undated guaranteed subordinated fixed-to-floating rate callable bonds of 2005, according to a notice.
The bonds will be redeemed at par on June 1.
Hannover Ruck SE, formerly Hannover Ruckversicherung AG, guarantees the bonds on a subordinated basis.
Hannover Finance is a Luxembourg-based finance holding company.
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