Aetna Inc. Issues $900 Million of Debt Securities.Business/Insurance Editors HARTFORD, Conn.--(BUSINESS WIRE)--March 2, 2001 Aetna Inc. (NYSE NYSE See: New York Stock Exchange :AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) today announced it has issued $900 million of new debt securities, consisting of $450 million of 7-3/8 percent bonds due in 2006 and $450 million of 7-7/8 percent bonds due in 2011. This is the company's initial offering of long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. securities as a stand-alone health care and related benefits company. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering, about $888 million, will be used to reduce currently outstanding commercial paper borrowings. Aetna is the nation's leading provider of health care and related benefits, serving more than 19 million health care customers, 14 million dental customers and 11 million group insurance customers. Information about Aetna is available at www.aetna.com. |
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