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Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item
Published on 3/20/2012 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

AXIS Capital plans to redeem $150 million of 7.25% series A preferreds

By Ashley Montgomery

Kansas City, Kan., March 20 - AXIS Capital Holdings Ltd. will redeem $150 million aggregate liquidation preference of its 7.25% series A preferred shares.

The shares will be redeemed April 18 at $25 per share plus accrued interest.

The Pembroke, Bermuda-based provider of specialty lines insurance and treaty reinsurance will use proceeds for general corporate purposes.


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