Issuer: |
Aspen Insurance Holdings Limited, a Bermuda holding company | |
Expected Ratings*: |
Baa2 (Moodys) (Stable) / BBB+ (S&P) (Stable) | |
Principal Amount: |
$250,000,000 | |
Issue Price: |
99.650% | |
Trade Date: |
December 7, 2010 | |
Settlement Date: |
December 10, 2010 (T + 3) | |
Maturity Date: |
December 15, 2020 | |
Security Type: |
Senior Unsecured Fixed Rate Notes | |
Gross Proceeds to Issuer: |
$249,125,000 | |
Net Proceeds to Issuer
(after underwriting
discounts and commissions): |
$247,500,000 | |
Minimum Denominations: |
$2,000 and integral multiples of $1,000 in excess thereof | |
Coupon: |
6.000% per annum | |
Interest Payment Dates: |
Semi-annually on June 15 and December 15 of each year, | |
commencing on June 15, 2011 | ||
Day Count Convention: |
30 / 360 | |
Yield to Maturity: |
6.047% | |
Treasury Benchmark: |
2.625% due 11/15/20 | |
Treasury Yield: |
3.147% | |
Spread to Treasury Benchmark: |
290 basis points | |
Make-Whole Call Payment: |
US Treasury + 45 basis points | |
CUSIP; ISIN: |
04530DAC6; US04530DAC65 | |
Joint Book-Running Managers: |
Citigroup Global Markets Inc. | |
Deutsche Bank Securities Inc. | ||
Co-Managers: |
Barclays Capital Inc. BNY Mellon Capital Markets, LLC Credit Agricole Securities (USA) Inc. |
* | Neither of these ratings is a recommendation to buy, hold or sell these Securities. Each rating may be subject to review, revision, suspension, reduction or withdrawal at any time and should be evaluated independently of any other rating. |