Ally Financial calls $892.5 million of 7 3/8% notes due 2044 in full

By Tali Rackner

Norfolk, Va., Feb. 12 - Ally Financial Inc. is exercising its right to redeem all $892.5 million of its 7 3/8% notes due Dec. 16, 2044, according to a press release.

The notes will be redeemed at par of $25 plus accrued interest of $0.450694 per note on March 14.

The Bank of New York Mellon is the trustee and paying agent.

Ally Financial is a Detroit-based automotive financial services company.

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