Aon to price $250 million of 10-year senior notes via four bookrunners

By Aleesia Forni

Virginia Beach, Nov. 21 - Aon plc is set to price an offering $250 million of senior notes (Baa2/BBB+/BBB+) due 2023, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to repay commercial paper and for general corporate purposes.

The notes are guaranteed by London-based Aon Corp.'s subsidiary Aon Delaware.

The professional services company was last in the U.S. bond market with a $250 million sale of 4.45% 30-year notes priced at 137.5 bps over Treasuries on May 21.

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