Marsh & McLennan Issues $250M Notes
On Wednesday, Marsh & McLennan Cos. Inc. (NYSE:MMC) announced the pricing of senior unsecured notes worth $250 million, the net proceeds of which will be used to redeem the 6.25% senior outstanding notes worth $250 million, due this month. Accordingly, the latest long-term fixed rate notes are issued at a price of $99.904 and dated [...]
On Wednesday, Marsh & McLennan Cos. Inc. (NYSE:MMC) announced the pricing of senior unsecured notes worth $250 million, the net proceeds of which will be used to redeem the 6.25% senior outstanding notes worth $250 million, due this month.
Accordingly, the latest long-term fixed rate notes are issued at a price of $99.904 and dated to mature on April 1, 2017. These five-year fixed rate notes are projected to have a spread of 148 basis points (bps) over the US Treasuries, bearing a coupon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards