New Issue-HCC Insurance Holdings sells $300 mln notes

Tue Nov 10, 2009 3:34pm EST 

  Nov 10 (Reuters) - HCC Insurance Holdings Inc (HCC.N) on
Tuesday sold $300 million of senior unsecured notes, said IFR,
a Thomson Reuters service.
  Bank of America, JPMorgan, and Wells Fargo were the joint
bookrunning managers for the sale.
BORROWER: HCC INSURANCE HOLDINGS INCORPORATED
AMT $300 MLN      COUPON 6.30 PCT     MATURITY 11/15/2019
TYPE SR NTS       ISS PRICE 99.488    FIRST PAY 5/15/2010
MOODY'S Baa1      YIELD 6.37  PCT     SETTLEMENT 11/16/2009
S&P SINGLE-A      SPREAD 287.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH SINGLE-A     MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
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