Liberty Mutual to price $500 million subordinated notes due 2061; talk in 4.625% area

By Cristal Cody

Chicago, May 11 – Liberty Mutual Group Inc. plans to sell $500 million of subordinated notes due May 15, 2061 that are being talked in the 4.625% area, a market source reported.

The notes come with 10 years of call protection.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are underwriting the deal.

Liberty Mutual is a Boston-based property and casualty insurance company.

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