Swiss Re Places CHF 175,000,000 7.50% Subordinated Contingent Write-off Securities

 

14.10.2013

 

Swiss Reinsurance Company Ltd successfully placed CHF 175,000,000 7.50% Subordinated Contingent Write-off Securities with a scheduled maturity in 2045 (the "Securities"). The Securities provide for an innovative combination of catastrophe bond features with a contingent write-off mechanism. Credit Suisse, Deutsche Bank, UBS Investment Bank and Zürcher Kantonalbank acted as joint lead managers and bookrunners and Swiss Re Capital Markets and BNP Paribas as co-managers.

Bär & Karrer acted as legal advisor to Swiss Re. The team comprised Thomas U. Reutter, Roland Truffer and Daniel Raun.

 

 

Search Deals & Cases