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Zurich announces successful placement of €750m of dated subordinated debt

Written by Adam Cadle
10/06/2020

Zurich has announced the successful placement of €750m of dated subordinated notes.

The notes, which will mature in September 2050 and are first callable in June 2030, will be issued by Zurich Finance (Ireland) DAC. The annual coupon is fixed at 1.875% until September 2030. Thereafter, the holders of the notes will receive a floating rate coupon.

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

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