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Home Capital Group to redeem 2016 debentures

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Home Capital Group to redeem 2016 debentures

Toronto-based HomeCapital Group Inc. intends to redeem all C$150 million aggregate principalamount of its 5.20% debentures due May 4, according to an April 26 news release.

The debentures will be redeemed for cash on the maturity date,May 4, at a redemption price per C$1,000 principal amount of the debentures equalto C$1,000, plus accrued and unpaid interest of C$26.00 on the principal amountof the debentures so redeemed up to and including the maturity date.

On the maturity date, the company's unit, Home Trust Co., intendsto redeem or purchase for cancellation C$156 million of subordinated debt held byHome Capital.