PartnerRe Finance B, a subsidiary of PartnerRe, has raised $500m in a US registered public offering of 3.700% senior notes, due July 2 2029.
The unsecured notes, fully and unconditionally guaranteed by PartnerRe, priced at 99.783% of par. Closing is expected on June 19, subject to closing conditions.
PRE Finance B will use the proceeds to redeem outstanding notes from debt coming due in 2020.
Citigroup, Credit Agricole Securities, Goldman Sachs and HSBC Securities were joint bookrunners, with BMO Capital Markets, Barclays Capital, Credit Suisse Securities and nabSecurities co managers.