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The Hartford closes senior notes offering

The Hartford Financial Services Group Inc. has closed an offering of $500 million of 4.4% senior notes due 2048.

The company intends to use the proceeds to repay $320 million in senior notes maturing March 15 and for general corporate purposes.

Citigroup Global Markets Inc. and Merrill Lynch Pierce Fenner & Smith Inc. acted as joint book-running managers for the offering of senior notes.