A $400 million bond issue offering by Marsh & McLennan Companies Inc., the parent firm of Marsh insurance brokerage, has been rated "Baa2" (adequate).
The 10-year bond will pay investors 9.25 percent when it comes due in 2019.
MMC said last week that the proceeds from the bond sale will be used to repay its $400 million 7.125 percent bond that is due in June of this year.
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