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Aetna Raises $750 Million in Bond Issue

Source: Wall St. Journal


Posted on 26 Aug 2010

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According to the Wall Street Journal, Aetna Inc. has raised $750 million in a sale of 10-year notes, one of the more recent offerings and pricings in U.S. and non-U.S. capital markets.

The deal was upsized from $500 million at the open. Proceeds from the sale will be used for general corporate purposes, including debt repayments, according to a person familiar with the sale.

According to the Journal, the bonds carry a 3.95% coupon rate and are due to mature on Sept. 1, 2010. Barclays Capital, Royal Bank of Scotland and UBS were appointed as the joint bookrunning managers for the issue.