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