Aetna Inc. Issues $700 Million Debt Securities

HARTFORD, Conn., June 18, 2001 — Aetna Inc. (NYSE: ΑET) today announced it has issued $700 million of 8.5 percent bonds, due 2041. Aetna has the option to call the bonds at par after five years. The offering was targeted toward retail or individual investors. Net proceeds from the offering, about $678 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 18.3 million health care customers, 14.2 million dental customers and 11.5 million group insurance customers as of March 31, 2001.

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