By Aleesia Forni
Virginia Beach, Va., Nov. 18 - XLIT Ltd. priced a $600 million two-part offering of guaranteed senior notes on Monday, according to a company news release.
The sale included $300 million of 2.3% senior notes due 2018 and $300 million of 5.25% senior notes due 2043.
Full terms were not available at press time.
Joint bookrunners were Barclays, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc.
The notes will be guaranteed by XL Group plc.
XL Group provides insurance and reinsurance coverage. Its corporate headquarters are in Dublin, and its executive offices are in Hamilton, Bermuda.
| Issuer: | XLIT Ltd.
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| Guarantor: | XL Group plc
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| Issue: | Guaranteed senior notes
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| Amount: | $600 million
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| Bookrunners: | Barclays, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc.
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| Trade date: | Nov. 18
|
|
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| Notes due 2018
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| Amount: | $300 million
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| Maturity: | 2018
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| Coupon: | 2.3%
|
|
|
| Notes due 2043
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| Amount: | $300 million
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| Maturity: | 2043
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| Coupon: | 5.25%
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