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Brighthouse Financial to launch exchange offer

Brighthouse Financial Inc. will launch, effective March 28, an offer to exchange up to $1.5 billion aggregate principal amount of its 3.700% senior notes due 2027 and up to $1.5 billion aggregate principal amount of its 4.700% senior notes due 2047 for a like principal amount of its 3.700% senior notes due 2027 and 4.700% senior notes due 2047.

This offer will expire at 5 p.m. ET on April 25, unless otherwise extended.