Aon Financial, a Canadian unit of Chicago-based insurance and reinsurance brokerage firm Aon, has raised a total of $384.3 million in a sale of senior unsecured notes. The bonds, which carry a coupon rate of 4.76%, will mature on March, 8, 2018. The debt will be unconditionally and irrevocably guaranteed by Aon. The company may use the proceeds from the offering to repay its $384.3 million 5.05% debt securities due April 12, 2011. The joint book-running managers for the sale were investment dealer arms of Royal Bank of Canada and Bank of Nova Scotia, adds Reuters.
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