AXIS Capital unit to redeem 2.65% notes due 2019 via new note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 27 – AXIS Capital Holdings Ltd. said its subsidiary, AXIS Specialty Finance plc, plans to redeem its 2.65% senior notes due April 1, 2019 using proceeds from an offering of to $350 million of 10-year senior notes, according to a press release.

Proceeds from the new offering will also be used for general corporate purposes.

AXIS is a Pembroke, Bermuda-based holding company for specialty reinsurance.

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