XL Capital Ltd
announced Monday that it has called for redemption all of its
outstanding Liquid Yield Option(TM) Notes due 2021. The redemption
date for the LYONs will be September 7, 2004. The redemption price will be
$622.5046 per LYON. In the event all of the outstanding LYONs are surrendered
for redemption, the aggregate redemption price would be $316,756,486.
In order to receive the LYONs redemption price, holders must deliver their
LYONs to U.S. Bank National Association, as paying agent under the indenture
governing the LYONs.
XL Capital Ltd, through its operating s...
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