Selective Insurance Group markets offering of senior notes due 2049

By Cristal Cody

Tupelo, Miss., Feb. 27 – Selective Insurance Group, Inc. plans to price 30-year senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Wednesday.

The issue will have make-whole and par calls.

RBC Capital Markets, LLC, Wells Fargo Securities LLC and BofA Merrill Lynch are the bookrunners.

Proceeds will be used to redeem in full $185 million of 5.875% senior notes due Feb. 9, 2043 at par and for general corporate purposes.

Selective Insurance is a regional property and casualty insurance company based in Branchville, N.J.

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