Aviva, Zurich thrill buyers with insurance sub bonds

25 Sep 2003

Zurich Insurance Co yesterday (Thursday) priced two tranches of subordinated capital - a 20 year non-call 10 deal of Eu500m and a perpetual non-call 19 issue of £450m.

The Zurich trades followed a groundbreaking £1.6bn three tranche deal for UK insurer Aviva, priced last Friday. Together, the five tranches ...

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