Chubb sells $525 mln convertible securities


WARREN, N.J., Nov 26 (Reuters) - U.S. business insurer Chubb Corp. said it raised $525 million by selling securities automatically convertible into company stock. The company, based in Warren, New Jersey, announced the sale of its "mandatory" convertible securities, which convert into company stock in three years, late Monday. It said it intends to use proceeds for general corporate purposes, including capital contributions to its units. Chubb said it sold 21 million equity units, ...

Premium Content (PAID Subscription Required)

"Chubb sells $525 mln convertible securities" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Mar 8, 2018

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×