Insurance Broker Aon Joins M&A Rush With $6 Billion Deal (2)

Insurance broker Aon North America Inc. sold $6 billion of US investment-grade bonds Wednesday to help fund its purchase of NFP Corp., the latest deal for a merger and acquisition as companies flood the market at a record pace.

Aon sold bonds in five parts, according to a person familiar with the matter. The longest portion, a 30-year note, priced at 140 basis points over Treasuries. That’s down from early discussions for around 165 basis points, the person said, asking not to be identified as the discussions are private.

It’s the latest deal to hit the market to ...