Helvetia issues first green hybrid bond worth CHF 200m

Written by Adam Cadle

13/11/2020

Swiss insurance company Helvetia has issued its first green hybrid bond worth CHF 200m, enabling its investors to participate in and support its sustainability targets.

The basis for the bond is Helvetia's Green Bond Framework and the funds will be used, among other things, to develop the company's real estate portfolio while taking sustainability criteria into account.

Helvetia develops and manages its real estate portfolio itself and can thus implement measures across the entire life cycle in a targeted manner. Helvetia also invests in renewable energies and environmentally friendly mobility, either directly or indirectly.

"With our corporate responsibility strategy we specifically take account of environmental, social and governance aspects in our daily business activities. The green hybrid bond is a further step in the implementation of this approach", Annelis Lüscher Hämmerli CFO at Helvetia, said.

The subordinated bond has been placed via the subsidiary Helvetia Swiss Insurance Company and is unlimited. The first optional redemption date is in May 2028. Until the first redemption date, the coupon is 1.75%.

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