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

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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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