Zurich announces the successful placement of USD 500 million of dated subordinated debt
Zurich Insurance Group (Zurich) has announced the successful placement of USD 500 million of dated subordinated notes (the “Notes”).
The Notes, which will mature in October 2056 and are first callable in April 2036, will be issued by Zurich Finance (Ireland) II DAC. The annual coupon is fixed at 5.875% until October 2036.
The transaction was targeted at European and Asian institutional investors and has been conducted for general corporate purposes.
Zurich announces redemption of subordinated debt
Zurich Insurance Group announced that it intends to exercise its option to redeem the EUR 500 million 4.25% Dated Subordinated Notes, issued by Zurich Insurance Company Ltd in 2013.
The redemption date for these Notes is October 2, 2023.
Zurich announces the successful placement of USD 1.75 billion of dated subordinated debt
Zurich Insurance Group (Zurich), announced the successful placement of USD 1.75 billion of dated subordinated notes (the “Notes”).
The Notes, which will mature in April 2051 and are first callable in January 2031, will be issued by Zurich Finance (Ireland) DAC. The annual coupon is fixed at 3.00% until April 2031.
The transaction was targeted at European and Asian institutional investors and has been conducted for general corporate purposes.