New Issue-HCC Insurance Holdings sells $300 mln notes
Nov 10 (Reuters) - HCC Insurance Holdings Inc (HCC.N: Quote, Profile, Research) on Tuesday sold $300 million of senior unsecured notes, said IFR, a Thomson Reuters service.
Bank of America, JPMorgan, and Wells Fargo were the joint bookrunning managers for the sale. BORROWER: HCC INSURANCE HOLDINGS INCORPORATED AMT $300 MLN COUPON 6.30 PCT MATURITY 11/15/2019 TYPE SR NTS ISS PRICE 99.488 FIRST PAY 5/15/2010 MOODY'S Baa1 YIELD 6.37 PCT SETTLEMENT 11/16/2009 S&P SINGLE-A SPREAD 287.5 BPS PAY FREQ SEMI-ANNUAL FITCH SINGLE-A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
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