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Nexen to exercise right to redeem all $460 million of 7.35% notes
By Tali David
Minneapolis, Feb. 26 - Nexen Inc. will exercise its right to redeem all $460 million of its 7.35% subordinated notes due 2043, according to a press release.
The notes will be redeemed at par plus accrued interest on March 28.
Deutsche Bank Trust Co. Americas is the trustee.
The global energy company is based in Calgary, Alta.
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