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.”
Was this article valuable?
Here are more articles you may enjoy.
High-Powered Dads Are Spending Less Time at Work, More on Childcare 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Allianz’s PIMCO, L&G Sued in Scrap Over €1.2 Billion Brussels Tower 
