ZURICH - Chubb Limited (NYSE: NYSE:CB), a global leader in insurance, has announced through its subsidiary, Chubb INA Holdings Inc., the pricing of a public offering of senior notes valued at $1 billion with a 5.000% interest rate, maturing in 2034. The notes, which are guaranteed by Chubb Limited, are set to contribute to the company's general corporate funds.
The proceeds from this offering are earmarked for various corporate activities, which include paying off the company's $700 million senior notes at a 3.35% interest rate, due on May 15, 2024. Chubb's move to issue new debt comes as part of its broader financial management strategy.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., and Wells Fargo Securities, LLC are serving as the joint book-running managers for the offering. Interested parties can obtain the prospectus supplement and accompanying prospectus necessary for the offering through the U.S. Securities and Exchange Commission's EDGAR website or by contacting the joint book-running managers directly.
Chubb's operations span 54 countries and territories, providing 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 its ability to service claims promptly and equitably.
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