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Liberty Mutual talks $500 million of senior notes due 2060 at Treasuries plus 312.5 bps area
By Cristal Cody
Tupelo, Miss., April 28 – Liberty Mutual Group Inc. plans to price $500 million of 40-year senior notes (Baa2/BBB/BBB-) in a Rule 144A and Regulation S offering on Tuesday, according to a market source.
Initial price guidance is in the Treasuries plus 312.5 basis points area.
Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the active managers. Passive bookrunners are Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC.
Liberty Mutual is a Boston-based property and casualty insurance company.
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