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Talanx, subsidiary to redeem subordinated fixed-to-floating rate notes
By Tali Rackner
Norfolk, Va., May 21 – Talanx Finanz (Luxemburg) SA plans to redeem all of its outstanding €350 million subordinated fixed-to-floating rate notes due 2025 and HDI Lebensversicherung AG, Cologne will redeem all of its €160 million subordinated fixed-to-floating rate notes with no maturity, according to a two notices.
The notes will be redeemed on June 30.
Talanx Finanz issues debt securities to grant loans to Talanx Group. It is a subsidiary of Talanx AG.
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