Swiss Life AG Closes Placement of a CHF 325 Million Hybrid Bond Issuance

 

04.04.2011

 

Swiss Life AG is optimizing its capital structure through the placement of CHF 325 million subordinated perpetual bonds, guaranteed on a subordinated basis by Swiss Life Holding AG. The bonds were priced with a coupon of 5.25% for the initial 5½ year period until the first call date. UBS AG, Credit Suisse AG and Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch act as joint lead managers on this transaction and Zurich Cantonalbank as co-lead manager.

Bär & Karrer acts as legal counsel to Swiss Life AG on the issuance and placement of the bonds. The team includes Thomas U. Reutter, David Barst, Sten Rasmussen and Daniel Raun.

 

 

 

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