Rare Swiss Re tier two ‘sells itself’ in red hot market

By Tyler Davies
14 Mar 2019

Swiss Re met with strong demand on its return to the euro market on Thursday, enabling it to crank in pricing on a new subordinated bond.

The Swiss insurance company was set to sell €750m of 31-year non-call 11 tier two bonds through BNP Paribas, Deutsche Bank, HSBC, NatWest Markets and UBS.

The lead managers had set out with initial price thoughts of 215bp over mid-swaps on Thursday ...

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