Insurance pair bring Swiss debuts in quick succession

30 May 2013

Friday and Monday saw a flurry of insurance activity in Swiss francs, with Netherlands-based Achmea selling its Swiss debut on Monday, closely following the inaugural senior unsecured bond from Swiss Life.

Barclays and UBS priced Achmea’s Sfr200m ($207.8m) 1.5% June 2019 paper at 95bp over mid-swaps, in line with guidance at the 95bp area. The leads sounded out the trade with investors early on Monday morning, offering a range of 90bp-100bp over mid-swaps. The paper was trading a few ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial