NEW YORK (Bloomberg) — Validus Holdings Ltd., the Bermuda- based reinsurer, plans to sell $250 million of 30-year unsecured bonds.

Proceeds may be used for general corporate purposes, which may include the repurchase of capital stock, dividends to shareholders and potential acquisitions, the company said in a filing yesterday with the US Securities and Exchange Commission. The bonds may be sold today, according to a person familiar with the offering, who declined to be identified because terms aren't set.