PartnerRe Ltd. last night announced that it has priced, through its indirectly wholly-owned subsidiary PartnerRe Finance B LLC, $500 million of 10-year fixed rate 5.50 percent senior notes.

The senior notes will be fully and unconditionally guaranteed by PartnerRe Ltd. and will have a maturity of June 1, 2020.

PartnerRe intends to use the proceeds for "general corporate purposes".