Zurich to tap IG loan market at 30bp

Zurich Financial Services is set to launch a five year transaction next month with a margin of 30bp, in line with pricing seen in the investment grade market two months ago.

  • 27 Sep 2011
 

The refinancing transaction for the Aa3/AA- rated insurance firm, which has two one year extension options, already has several banks willing to commit, despite the tight margin on offer.

“Unlike some of its other deals, there are utilisation fees on this, although this is a revolver that ...

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