IFLR1000

Swiss Re $500 million exchangeable bond issue

6/6/2018
Convertible and hybrid securities, Investment grade bond/note issue
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$ 500 million

Completed

6/6/2018

Overview:

  • Reinsurance company Swiss Re has undertaken $500 million exchangeable bond issue.
  • The six year senior exchangeable notes may be stock settled at its options or may be exchanged at the option of noteholders for fully paid Swiss Re shares. 

Rajeeb Gurung - Researcher

Jurisdiction:

Switzerland

Deal types:

Convertible and hybrid securities
Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

England and Wales

Industry sector:

Insurance

Firms:
Bär & Karrer

Party: Swiss Re (Issuer)

Niederer Kraft Frey

Party: Barclays (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: JP Morgan Securities (Joint lead manager)

Party: Merrill Lynch International (Joint lead manager)

Party: UBS (Joint lead manager)

Lawyers: Marco Häusermann, Philippe Weber

Paul Weiss Rifkind Wharton & Garrison

Party: Swiss Re (Issuer)

Simmons & Simmons

Party: UBS (Joint lead manager)

Party: Barclays (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: JP Morgan Securities (Joint lead manager)

Party: Merrill Lynch International (Joint lead manager)

Lawyer: Piers Summerfield

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