©Reuters.
ZURICH – Chubb Limited (NYSE: NYSE:), a global leader in the insurance industry, announces the pricing of a public offering of senior notes maturing at 5.000% with a value of $1.0 billion through its subsidiary Chubb INA Holdings. . The notes are guaranteed by Chubb Limited and will be contributed to the company's general corporate fund.
Proceeds from this offering will be used for various corporate activities, including the repayment of the company's $700 million senior notes due May 15, 2024 at an interest rate of 3.35%. Chubb's move to issue new debt comes as part of its broader financial management efforts. strategy.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are acting as joint bookkeepers for this offering. Interested parties may obtain the required prospectus supplement and accompanying prospectus for the offering through the U.S. Securities and Exchange Commission's EDGAR website or by contacting the joint bookkeeper directly.
Chubb operates in 54 countries and territories and offers a wide range of insurance products including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance. The company prides itself on its underwriting expertise, strong financial position, and ability to process claims quickly and fairly.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
