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Aviva redeeming Tier 1 securities

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Aviva redeeming Tier 1 securities

Aviva PLC issued a redemption notice for approximately £209.9 million of its 6.875% step up Tier 1 insurance capital securities.

The U.K. insurer will redeem the securities in full on their Nov. 21 first call date. The notes will be redeemed at their principal amount together with accrued interest to, but excluding, the call date.

Aviva plans to cancel the notes.