Bermuda-based ACE Limited announced that, “subject to market conditions, itssubsidiary, ACE INA Holdings Inc., intends to sell up to $500 million of senior notes.
“The notes are fully and unconditionally guaranteed by ACE Limited. The net proceeds from the sale of the senior notes will be used to repay indebtedness.”
The lead underwriters for the proposed offering are Banc of America Securities LLC and Deutsche Bank Securities Inc.
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