Issuer:
|
PartnerRe
Finance B LLC
|
Guarantor:
|
PartnerRe
Ltd.
|
Securities:
|
5.500%
Senior Notes due 2020
|
Legal
Format:
|
SEC
Registered
|
Amount:
|
$500,000,000
|
Ratings(1):
|
Moody’s
Investors Service: A2 (stable)
Standard
& Poor’s: A (negative)
Fitch:
A+ (negative)
|
Trade
Date:
|
March
10, 2010
|
Settlement
Date:
|
March
15, 2010 (T+3)
|
Maturity
Date:
|
June
1, 2020
|
Reference
Treasury:
|
3.625%
due February 15, 2020
|
Reference
Treasury Yield:
|
3.716%
|
Reoffer
Spread to Treasury:
|
+180
bps
|
Reoffer
Yield:
|
5.516%
|
Coupon:
|
5.500%
|
Denominations:
|
$2,000
and multiples of $1,000
|
Interest
Payment Dates:
|
Semi-annually
in arrears on June 1 and December 1, beginning on June 1,
2010
|
Price
to Public:
|
99.885%
|
Price
to Issuer:
|
99.235%
|
Make-Whole
Call:
|
Treasury
plus 30 basis points
|
CUSIP:
|
70213BAA9
|
Book
Running Managers:
|
Banc
of America Securities LLC
Barclays
Capital Inc.
Credit
Suisse Securities (USA) LLC
|
Co-Managers:
|
J.P.
Morgan Securities Inc.
HSBC
Securities (USA) Inc.
Deutsche
Bank Securities Inc.
Wells
Fargo Securities, LLC
|