Liberty Mutual postpones $500 million subordinated notes due 2061

By Devika Patel and Cristal Cody

Knoxville, Tenn., May 11 – Liberty Mutual Group Inc. has postponed a $500 million offering of subordinated notes due May 15, 2061 that was being talked in the 4.625% area, a market source reported.

The notes would have come with 10 years of call protection.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the underwriters.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.