Aetna Inc. Issues $900 Million of Debt Securities

HARTFORD, Conn., March 2, 2001 ― Aetna Inc. (NYSE: ΑET) 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 securities as a stand-alone health care and related benefits company. The net proceeds 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.

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