ACE Limited To Sell Up To $500 Million In Notes

Insurance

The Associated Press

06/03/09 - 03:19 PM EDT

NEW YORK (AP) Property and casualty insurance company ACE Ltd. said Wednesday its subsidiary, ACE INA Holdings Inc., will sell up to $500 million in senior notes due June 2019.

Proceeds will be used to refinance and for general corporate purposes.

Lead underwriters and joint book-running managers are: Morgan Stanley & Co., Barclays Capital Inc., and RBS Securities Inc.

Ace shares slipped 1 cent to $45.49 in afternoon trading.

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