F&G Annuities & Life (FG) said late Thursday its Fidelity & Guaranty Life Holdings unit will redeem all outstanding $300 million of its 5.50% senior notes due May 1 on Feb. 1.

The notes will be redeemed at a price equal to 100% of their principal amount, along with accrued and unpaid interest up to, but not including, the redemption date, the company said, adding that interest on the notes will no longer accrue after the redemption date.

Noteholders should reach out to their bank, broker, or nominee for details regarding the redemption payment, the company said.