StanCorp Financial Group, Inc. (SFG) said Friday that it has priced a public offering of $250 million of Senior Notes due August 15, 2022.
The Senior Notes will bear an annual interest rate of 5.00%. Interest will be paid semi-annually on February 15 and August 15 of each year, beginning February 15, 2013.
StanCorp plans to use the net proceeds to repay its $250 million of 6.875% 10-year senior notes due October 1, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.