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Unum Group/Hill City to sell trust securities due 2041; price talk Treasuries plus 245 bps area
By Rebecca Melvin and Cristal Cody
Concord, N.H., Nov. 9 – Unum Group/Hill City Funding Trust intends to price an offering of pre-capitalized trust securities due Aug. 15, 2041 in the Treasuries plus 245 basis points area, according to a market source on Tuesday.
Credit Suisse Securities (USA) LLC, BofA Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the bookrunners for the Rule 144A securities.
Fixed-income investor calls were held on Monday.
Unum is an employee benefits provider based in Chattanooga, Tenn.
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