By Cristal Cody
Tupelo, Miss., Nov. 13 – Aon Corp. sold $500 million of 2.2% three-year guaranteed senior notes (Baa2/A-/BBB+) at a spread of 55 basis points over Treasuries on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.98 to yield 2.207%.
Bookrunners were BofA Securities, Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
The notes are guaranteed by Aon plc.
Proceeds will be used to pay down commercial paper and for general corporate purposes.
Aon is a London-based provider of risk management, insurance and reinsurance brokerage and also human resources solutions and outsourcing services.
| Issuer: | Aon Corp.
|
| Guarantor: | Aon plc
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Nov. 15, 2022
|
| Bookrunners: | BofA Securities, Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC
|
| Co-managers: | Aon Securities LLC, Scotia Capital (USA) Inc., UniCredit Capital Markets LLC, U.S. Bancorp Investments, Inc., Loop Capital Markets LLC and Siebert Williams Shank & Co. LLC
|
| Coupon: | 2.2%
|
| Price: | 99.98
|
| Yield: | 2.207%
|
| Spread: | Treasuries plus 55 bps
|
| Call features: | Make-whole call at Treasuries plus 10 bps
|
| Trade date: | Nov. 13
|
| Settlement date: | Nov. 15
|
| Ratings: | Moody’s: Baa2
|
| S&P: A-
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
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