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Hanover Insurance to redeem 6.35% debentures due 2053 via new notes
By Marisa Wong
Los Angeles, Aug. 19 – Hanover Insurance Group plans to redeem in full its $175 million 6.35% subordinated debentures due 2053 using proceeds from an offering of new fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission.
Worcester, Mass.-based Hanover is a property and casualty insurance company.
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