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PartnerRe offering $250 million in senior notes

By Associated Press
May 22, 2008 | Comments (0)

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Reinsurer PartnerRe Ltd. said Thursday it plans to issue $250 million in senior notes.

The 10-year notes will carry a fixed interest rate of 6.875 percent.

PartnerRe will use $220 million from the offering to repay bank debt due in December. The remaining cash will be used for general corporate purposes.

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