Aviva, Zurich thrill buyers with insurance sub bonds
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 ...Already a subscriber? Login