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Zurich successfully places US$500m of dated subordinated debt

Written by Adam Cadle
16/10/2024

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

The notes, which will mature in April 2055 and are first callable in October 2034, will be issued by Zurich Finance (Ireland) II DAC. The annual coupon is fixed at 5.50% until April 2035.

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


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