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Iowa Insurer Sells Notes

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FBL Financial Group Inc. says it has completed a previously announced offering of $100 million in senior notes.

The notes, sold through a private placement, will pay an interest rate of 5.875% and will be due in 2017, according to FBL, West Des Moines, Iowa.

FBL will use the note sale proceeds to contribute capital to its EquiTrust Life Insurance Company subsidiary and for general corporate purposes, the company says.