August 14, 2017

Aetna's $1B debt issue done

Aetna Inc. has floated a $1 billion debt offering, proceeds of which the Hartford health insurer says will be used to retire existing debt and the rest for general corporate purposes.

The new notes bear a 3.875 interest rate and mature in 2047. Some of the offering proceeds are earmarked to pay off a portion of its outstanding 1.5 percent senior notes and floating-rate senior notes, both due in 2017.

Aetna has previously declared plans to relocate corporate headquarters to New York City.

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