trending Market Intelligence /marketintelligence/en/news-insights/trending/5_wGevYEYTIsvjUFUzoHvg2 content esgSubNav
In This List

Zurich Insurance places €500M in senior debt

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Zurich Insurance places €500M in senior debt

Zurich Insurance Group AG has placed €500 million of senior unsecured notes due December 2028.

The debt has a fixed annual coupon of 1.5%. The transaction has been conducted for general corporate purposes and targeted European institutional investors.

Zurich Insurance Co. Ltd. will issue the debt to Cloverie PLC, a third-party repackaging vehicle domiciled in Ireland. Cloverie will then issue notes secured by the Zurich notes to investors.