New Issue: Aetna sells $1 billion 3.875% 30-year notes at 105 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Aug. 7 – Aetna Inc. priced $1 billion of 3.875% 30-year senior notes (A/A-) on Monday at 99.682 to yield 3.893%, according to an FWP filing with the Securities and Exchange Commission.

The notes priced with a spread of Treasuries plus 105 basis points.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC were the bookrunners.

Proceeds will be used to repay portions of the company's 1.5% senior notes due 2017 and floating-rate senior notes due 2017 and for general corporate purposes.

Aetna is a health care benefits company based in Hartford, Conn.

Issuer:	Aetna Inc.
Amount:	$1 billion
Description:	Senior notes
Maturity:	Aug. 15, 2047
Bookrunners:	J.P. Morgan Securities LLC, BofA Merrill Lynch, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC
Senior co-managers:	Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, MUFG, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments, Inc., UBS Securities LLC and Wells Fargo Securities, LLC
Co-managers:	BNY Mellon Capital Markets, LLC, Fifth Third Securities, Inc. and HSBC Securities (USA) Inc.
Coupon:	3.875%
Price:	99.682
Yield:	3.893%
Spread:	Treasuries plus 105 bps
Call features:	Make-whole call at greater of par and Treasuries plus 20 bps before Feb. 15, 2047; thereafter at par
Trade date:	Aug. 7
Settlement date:	Aug. 10
Ratings:	S&P: A
	Fitch: A-
Distribution:	SEC registered

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