By Cristal Cody
Tupelo, Miss., April 30 – Aon Corp. sold $750 million of 3.75% 10-year guaranteed senior notes (Baa2/A-/BBB+) on Tuesday at a spread of 125 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.909 to yield 3.761%.
Bookrunners were Citigroup Global Markets Inc., Barclays and Credit Suisse Securities (USA) LLC.
The notes are guaranteed by Aon plc.
Proceeds will be used to pay down commercial paper and for general corporate purposes.
Aon is a London-based provider of risk management, insurance and reinsurance brokerage and also human resources solutions and outsourcing services.
| Issuer: | Aon Corp.
|
| Guarantor: | Aon plc
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | May 2, 2029
|
| Bookrunners: | Citigroup Global Markets Inc., Barclays and Credit Suisse Securities (USA) LLC
|
| Co-managers: | Aon Securities Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UniCredit Capital Markets LLC, Loop Capital Markets LLC and Williams Capital Group, LP
|
| Coupon: | 3.75%
|
| Price: | 99.909
|
| Yield: | 3.761%
|
| Spread: | Treasuries plus 125 bps
|
| Call features: | Make-whole call before Feb. 2, 2029 at price equal to greater of par and Treasuries plus 20 bps; thereafter at par
|
| Trade date: | April 30
|
| Settlement date: | May 2
|
| Ratings: | Moody’s: Baa2
|
| S&P: A-
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
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