ACE/INA to Issue $300 Million Sr. Notes

Bermuda’s ACE Limited announced that its subsidiary, ACE INA Holdings Inc., has agreed to sell $300 million of 6.7 percent Senior Notes due May 15, 2036. The notes are fully and unconditionally guaranteed by ACE Limited.

ACE said: “The net proceeds from the sale of the senior notes and available cash will be used to repay all $300,000,000 of ACE INA Holdings’ 8.30 percent Notes due August 15, 2006.”