Baloise successfully issues CHF senior bond

Written by Michael Griffiths

17/11/2022

Baloise has confirmed it has successfully issued a six and a half year senior bond with a coupon of 2.20%, for a total size of CHF 225m.

The bond was issued by Bâloise Holding AG, which is rated “A-” with a stable outlook by Standard & Poor’s. Like all outstanding senior bonds of Bâloise Holding AG, the bond itself carries no rating.

Baloise announced that the proceeds from the issuance of the bond will be used for general corporate purposes, including the refinancing of maturing bonds.

“The bond will be listed on the SIX Swiss Exchange and will settle on 30 November 2022,” a Baloise statement said.

Zürcher Kantonalbank and Credit Suisse acted as joint lead managers, Basler Kantonalbank as co-manager.

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