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Hartford Financial Services intends to sell fixed-rate notes
By Devika Patel
Knoxville, Tenn., March 13 – Hartford Financial Services Group, Inc. plans to offer fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will feature a make-whole call and then a par call.
BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc. are the bookrunners.
Proceeds will be used to repay at maturity the company’s $320 million of senior notes due 2018 on March 15 and for general corporate purposes.
Hartford Financial is a Hartford, Conn., financial services holding company and parent company for Hartford Insurance Co.
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