Great Eastern Life Assurance Company announced on Jan 6 that it will be redeeming its $400 million 4.6% subordinated fixed rate notes on Jan 19.

The notes will be redeemed at 100% of their nominal amount with interest accrued to the redemption date.

The notes, which are issued under Great Eastern Holdings and Great Eastern Life Assurance Company’s $1 billion multicurrency medium term note programme, is due 2026.

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