Helvetia Baloise has successfully placed three senior bond tranches totalling CHF 550m on the Swiss capital market.
The proceeds will be used for general corporate purposes, including the potential refinancing of outstanding instruments.
This issuance represents the first senior bond transaction of the newly formed Helvetia Baloise Group following the merger of Helvetia and Baloise and was met with strong demand from a broad base of investors.
The transaction comprised three tranches: CHF 150m with a maturity in 2028 and a coupon of 0.625%; CHF 175m with a maturity in 2032 and a coupon of 1.125%; CHF 225m with a maturity in 2036 and a coupon of 1.50 %.
“This successful transaction marks the first capital markets issuance of the new Helvetia Baloise Group and demonstrates the strong confidence investors place in our combined business,” said Matthias Henny, group CFO of Helvetia Baloise.
“The positive reception confirms the market’s appreciation of the strategic rationale of the merger, the strengthened diversification of our earnings base and our solid financial profile.”
