Delphi Financial Announces Listing of 7.376% Junior Subordinated Debentures on NYSE
July 17 2007 - 8:30AM
Business Wire
Delphi Financial Group, Inc. (NYSE:DFG) announced today that its
7.376% Junior Subordinated Debentures, which were issued in May,
have begun trading on the NYSE under the ticker symbol �DFP.�
Delphi Financial issued $175 million of these Junior Subordinated
Debentures, which have a 30-year scheduled maturity and a 60-year
final maturity and are callable at par after ten years. The Junior
Subordinated Debentures have a fixed rate coupon of 7.376% for an
initial ten-year period, after which the coupon will become
floating. Delphi Financial�s existing 8% Senior Notes, which were
issued in 2003, trade on the NYSE under the ticker symbol �DFY.�
Delphi Financial Group, Inc. is an integrated employee benefit
services company. Delphi is a leader in managing all aspects of
employee absence to enhance the productivity of its clients and
provides the related insurance coverages: group life, long-term and
short-term disability, excess workers� compensation for
self-insured employers, travel accident, dental and limited benefit
health insurance. Delphi�s asset accumulation business emphasizes
individual fixed annuity products. Delphi�s common stock is listed
on the New York Stock Exchange under the symbol DFG and its
corporate website address is www.delphifin.com.
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