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Zurich places CHF350M of senior debt

Zurich Insurance Group AG has placed CHF350 million of senior debt with Swiss investors.

The bonds will pay a fixed coupon of 0.50% and mature in December 2024. Zurich said the transaction was completed for general corporate purposes.

This latest offering closely follows Zurich's placement of A$350 million of debt to Australian and Asian investors, which was announced May 24.