New Issue-OneBeacon sells $275 mln in notes

Tue Nov 6, 2012 6:09pm EST

Nov 6 (Reuters) - OneBeacon US Holdings Inc on
Tuesday sold $275 million of senior notes, said IFR, a Thomson
Reuters service.
    The issue is guaranteed by OneBeacon Insurance Group Ltd
. 
    Bank of America Merrill Lynch, Barclays Capital and HSBC
were the joint bookrunning managers for the sale.

BORROWER: ONEBEACON

AMT $275 MLN    COUPON 4.6 PCT     MATURITY    11/09/2022   
TYPE SR NTS     ISS PRICE 99.881   FIRST PAY   05/09/2013
MOODY'S Baa2    YIELD 4.615 PCT    SETTLEMENT  11/09/2012   
S&P BBB-MINUS   SPREAD 287.5 BPS   PAY FREQ    SEMI-ANNUAL
FITCH TRIPLE-B   MORE THAN TREAS   MAKE-WHOLE  CALL 45 BPS
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