Chubb prices €1.4b ($1.5bn) senior notes offering by subsidiary

Chubb INA Holdings, a subsidiary of global insurer Chubb, has priced a public offering of €700 ($775) million of 0.30 percent senior notes due 2024 and €700 million of 0.875 percent senior notes due 2029. The notes are guaranteed by Chubb.

Chubb INA intends to use the net proceeds from this offering for general corporate purposes, which may include investments in or loans to subsidiaries, possible strategic investments or acquisitions, capital expenditures and repayment, redemption or refinancing of debt.

The joint book-running managers for the offering are Merrill Lynch International, Barclays Bank, Deutsche Bank, London Branch and Wells Fargo Securities.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

​​ ​Lloyd's launches new space risk product and new analysis of the space sector
 ​ Austral Re and Terra Brasis start post-merger operation Bad news events and climate change have D&O risk implications SCOR issues a new contingent capital facility Insurers need to improve processes for wealth advisers – study CII and Scope unite to make insurance an inclusive profession R&Q director steps down to take part time exec role ​De-tariffication of Malaysia’s motor and fire insurance impacts marketplace

Don't miss our insurtech email newsletter - sign up today