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Prospect News home > News index > List of issuers O > Headlines for OneBeacon U.S. Holdings, Inc. > News item
Published on 11/6/2012 in the Prospect News Investment Grade Daily.

OneBeacon U.S. Holdings pricing 10-year senior notes Tuesday

By Andrea Heisinger

New York, Nov. 6 - OneBeacon U.S. Holdings, Inc. is pricing 10-year senior notes on Tuesday, according to a filing with the Securities and Exchange Commission.

The notes (Baa2/BBB-/) will be guaranteed by OneBeacon Insurance Group Ltd.

Bookrunners are Barclays, Bank of America Merrill Lynch and HSBC Securities (USA) Inc.

Proceeds will be used, along with cash on hand, to redeem $269.9 million of 5.875% notes due 2013.

The property and casualty insurance holding company is based in Bermuda.


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