ACE INA plans $800 million 10-year notes offering for Monday pricing

By Aleesia Forni

Virginia Beach, March 9 – ACE INA Holdings Inc. is pricing $800 million of senior notes due 2025 on Monday, according to an informed source and a 424B3 filed with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

The company plans to use the proceeds from the offering to repay $500 million of its 5.7% senior notes due February 2017 and $300 million of its 5.8% senior notes due March 2018.

The notes are guaranteed by ACE Ltd.

The Bermuda-based holding company for insurance and reinsurance subsidiaries is a unit of Zurich-based ACE Ltd.

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