19 November 2021 I Deals and Cases
Bär & Karrer Advised Chubb in the Placement of USD 1.6 Billion Senior Notes
On 15 September 2021, Chubb INA Holdings Inc. has priced the offering of USD 600 million Senior Notes due 2051 with an interest rate of 2.850% and USD 1 billion Senior Notes due 2061 with an interest rate of 3.050%. The Senior Notes are unconditionally guaranteed by Chubb Limited, Zurich, Switzerland, and are registered on NYSE. The underwriters were represented by BofA Securities, Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC.
Bär & Karrer acted as Swiss legal advisor to Chubb in the placement of 1.6 Billion Senior Notes. The team included Lukas Roesler, Urs Kägi and Clarissa Marxer (all Capital Markets and Corporate) as well as Daniel Lehmann and David Weimann (both Tax).