- 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