Baggot Securities to redeem €1.3 billion 10.24% noncumulative notes

By Tali Rackner

Norfolk, Va., Dec. 1 – Baggot Securities Ltd. plans to redeem all €1.3 billion of its 10.24% perpetual noncumulative notes secured over 1.3 billion of non-cumulative preferred stock, according to a notice.

The shares will be redeemed for cash on Jan. 4.

Baggot is a Dublin-based financial services company.

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