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Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item
Published on 9/28/2017 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

StanCorp Financial calls $252.9 million of subordinated notes at par

By Susanna Moon

Chicago, Sept. 28 – StanCorp Financial Group, Inc. said it will redeem its $252.9 million of outstanding fixed-to-floating rate income capital obligation notes, or ICONs, due June 1, 2067.

The ICONs will be redeemed at par on Dec. 1, according to a company notice.

The issuer said it will also pay accrued interest of about $2.4 million.

StanCorp is a Portland, Ore.-based holding company for insurance and asset management subsidiaries.


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