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Aspen Insurance to redeem notes

Aspen Insurance Holdings Ltd. issued a notice to redeem $125 million of its $250 million 6.00% senior notes due 2020.

The redemption is expected to take place June 18.

Redemption price will be equal to the greater of 100% of the principal amount of the notes being redeemed or the sum of the present values of the remaining scheduled payments of principal and interest, other than accrued interest, on the notes being redeemed, discounted to the redemption date on a semiannual basis at the Treasury rate plus 45 basis points, plus, in either case, any accrued and unpaid interest to, but excluding, the redemption date.