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OneBeacon U.S. Holdings pricing 10-year senior notes Tuesday
By Andrea Heisinger
New York, Nov. 6 - OneBeacon U.S. Holdings, Inc. is pricing 10-year senior notes on Tuesday, according to a filing with the Securities and Exchange Commission.
The notes (Baa2/BBB-/) will be guaranteed by OneBeacon Insurance Group Ltd.
Bookrunners are Barclays, Bank of America Merrill Lynch and HSBC Securities (USA) Inc.
Proceeds will be used, along with cash on hand, to redeem $269.9 million of 5.875% notes due 2013.
The property and casualty insurance holding company is based in Bermuda.
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