New Issue-ACE INA Holdings sells $300 mln 10-year notes

Fri Feb 8, 2008 11:00pm GMT
[-] Text [+]
  Feb 8 (Reuters) - ACE INA Holdings Inc, a unit of property
and casualty insurance company Ace Ltd (ACE.N: Quote, Profile, Research), on Thursday
sold $300 million in 10-year senior notes, said market
sources.
  Banc of America Securities was the sole book-running
manager for the sale.
BORROWER: ACE INA HOLDINGS INC*
AMT $300 MLN      COUPON 5.80 PCT       MATURITY 3/15/2018 
TYPE SR NOTES     ISS PRICE 99.916      FIRST PAY 9/15/2008
MOODY'S A3        YIELD 5.81 PCT        SETTLEMENT 2/14/2008
S&P A-MINUS       SPREAD 215 BPS/       PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     3.50 PCT FEB 2018    MAKE-WHOLE-CALL 35 BPS
*GUARANTEED BY ACE LTD

 
 

More On These Companies

ACE.N
Last:
Change:
Up/Down:
 
by Name by Symbol