Swiss Life joins the green bond party
Demand for green issuance outweighs supply in Swiss francs, said bankers after Swiss Life raised Sfr600m last week in a deal that saw all three of its tranches increased to their maximum size and priced at the tight end of the guidance range.
The deal is the first green bond from a Swiss insurer and the second from the European insurance sector, following a €750m curtain-raiser from Generali in September.Bookbuilding began last Thursday morning on Swiss Life’s (A-, stable) three-tranche deal sized at a minimum of Sfr400m via joint bookrunners Credit Suisse, ...
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