XL Capital Ltd. announced that it has called for redemption all of its outstanding Liquid Yield Option(TM) Notes due 2021 (“LYONs”).
“The redemption date for the LYONs will be September 7, 2004,” said the bulletin. “The redemption price will be $622.5046 per LYON. In the event all of the outstanding LYONs are surrendered for redemption, the aggregate redemption price would be $316,756,486.
“In order to receive the LYONs redemption price, holders must deliver their LYONs to U.S. Bank National Association, as paying agent under the indenture governing the LYONs.”
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
