Chubb's senior notes proceeds for corporate use

It includes repayment of Chubb's $700m senior notes.

Chubb disclosed the pricing of a public offering of $1b of 5.000% senior notes due 2034 through its subsidiary, Chubb INA Holdings Inc. These notes are guaranteed by Chubb.

The net proceeds from this offering are intended for general corporate purposes, which includes the repayment at maturity of Chubb’s $700m 3.35% senior notes due 15 May 2024.

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Citigroup Global Markets, HSBC Securities (USA), and Wells Fargo Securities are acting as the joint book-running managers for the offering.