Swiss Life €600 million undated subordinated bond issue

Convertible and hybrid securities, Investment grade bond/note issue

€ 600 million

$ 670.351 million




  • Swiss Life, the largest insurance company in Switzerland, has issued €600 million in hybrid bonds.
  • The bonds are undated and callable first  in May 2027 with a coupon at 4.5% until the first call date.
  • The proceeds will be used for general corporate purposes, including future refinancing of outstanding subordinated debt instruments. 
  • Banca IMI, Citigroup, JPMorgan and UBS acted as joint lead managers in the transaction.

Anna Kozakova - Journalist

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