Zurich Insurance shrugs off concerns to launch dual tranche
Zurich Insurance is set to price its first Swiss franc deal in over a year on Tuesday afternoon, opting for a dual tranche trade with six and 10 year maturities. The bond comes in the wake of the suspected suicide of a senior executive at the firm and the resignation of its chairman.
Pierre Wauthier, Zurich’s chief financial officer, was found dead at his home in Zug on August 26. The suspected suicide led the company’s chairman, former Deutsche Bank chief executive Josef Ackermann, to resign three days later.
Zurich based bankers said they did not expect the situation to have a
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