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ACE To Sell $500m Senior Notes

ACE INA Holdings, a subsidiary of ACE Limited, has revealed plans to sell up to $500 million of ten-year senior notes.

The notes will be guaranteed by ACE Limited and the selling is subject to market conditions.

The company intends to use the net proceeds derived from the sale of the senior notes for refinancing upcoming debt maturities and for general corporate purposes. 

Morgan Stanley, Barclays Capital, RBS Securities will act as the lead underwriters and joint book-running managers for the proposed offering

Headed by ACE Limited, the ACE Group is engaged in insurance and reinsurance business. The Group has global operations and operates through subsidiaries in over 50 nations.