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Zurich announces successful placement of US$500m of dated subordinated debt

Written by Adam Cadle
24/11/2021

Zurich has announced the successful placement of US$500m of dated subordinated notes.

The notes, which will mature in May 2052 and are first callable in February 2032, will be issued by Zurich Finance (Ireland) DAC. The annual coupon is fixed at 3.5% until May 2032.

The transaction was targeted at European and Asian institutional investors and has been conducted for general corporate purposes.

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