Swiss Re issues new-style subordinated perp

27 Jan 2012

Swiss Re this week followed in the footsteps of Zürcher Kantonalbank, launching a debut new-style subordinated perpetual convertible note on Thursday, a Sfr200m minimum 7.25% non-call five year.

The Swiss franc market continues to provide a platform for forward-looking capital trades, with domestic regulator Finma’s regulations allowing banks and insurance companies to raise Basel III or Swiss Solvency Test compliant capital ahead of their peers.

"Other banks and insurance companies will start to consider issuing these types ...

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