29. November 2012 – Swiss Life successfully closed an exchange transaction involving the purchase of perpetual loans privately issued in 1999 (outstanding amount of CHF 842 million) in exchange for a privately placed subordinated perpetual loan and a consideration in cash. The offered transaction structure is a novelty in the Swiss market.

Swiss Life Group is one of Europe's leading providers of life insurance and pension solutions.Walder Wyss acted as legal counsel to Swiss Life AG on the exchange transaction. The Walder Wyss team was led by Markus Pfenninger (Partner, Banking Finance), Alex Nikitine (Managing Associate, Capital Markets, Corporate/M&A) and Lukas Wyss (Managing Associate, Banking Finance) and included Maurus Winzap (Partner, Tax), David Borer (Associate, Banking Finance), Ramona Wyss (Trainee Associate, Banking Finance) and Alexander D. Schütz (Trainee Associate, Banking Finance).