Marsh parent issues bonds worth $600m

Marsh & McLennan Companies (MMC), the parent company of Marsh, has issued senior bonds worth $600m (£357.6m) with a 3.5% interest rate.

The offering is expected to close on 30 May and MMC said the funds raised would be used for “general corporate purposes”.

The offering is being managed by JP Morgan Securities, Morgan Stanley & Co, Barclays Capital, and Citigroup Global Markets.