-- Challenger (ASX:CGF) will redeem all of its outstanding Challenger capital notes 3 on May 25 at their face value of AU$100 each in cash, according to a Tuesday filing with the Australian bourse.
The redemption has been approved by the Australian Prudential Regulation Authority.
A final distribution of AU$1.47 per note is expected to be paid on May 25 to all registered holders as of May 15, the company said.