Daily Insurance Industry News
Daily Insurance Industry News
Tuesday 17th of July 2018
October 26, 2011

Zurich places senior debt

by Gill Montia

Story link: Zurich places senior debt

Zurich places senior debt

Zurich has announced the successful placement of CHF 425 million of senior debt with retail and institutional investors in the Swiss Franc domestic market.

The seven-year senior notes, maturing in 2018, will be issued by Zurich Insurance Company Ltd under its “Euro Medium Term Note Programme”.

The coupon has been set at 2.375%. The spread over mid-swaps is 125 basis points.

The group says the successful placement demonstrates the worth of the Zurich name and its strong capital and solvency positions.

In July, the insurer successfully placed CHF 450 million of six-year senior notes and CHF 250 million of 10-year senior notes to retail and institutional investors also in the Swiss Franc domestic market.


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