A newly acquired insurer is redeeming some of its debt.
AmerUs Group Company, Des Moines, Iowa, now a unit of Aviva P.L.C., London, says it is offering cash for senior notes due in 2011 that pay an interest rate of 6.583% and senior notes due in 2015 that pay an interest rate of 5.95%.
The offer is set to expire at midnight EST Dec. 26, but AmerUs says it could extend the offer period.
AmerUs plans to set prices for the notes Dec. 12 by applying spreads to the yield on Treasury notes.