4 December 2019Insurance

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.

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