Deals & Cases

Swiss Life AG issued a CHF 300 million hybrid bond

1 octobre 2012 – Swiss Life AG successfully issued a CHF 300 million subordinated perpetual bond, guaranteed on a subordinated basis by Swiss Life Holding AG. The coupon was fixed for the first five years and ten months at 5.5%. UBS AG, Credit Suisse AG and Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch, act as joint lead managers on this transaction; The Royal Bank of Scotland plc, Edinburgh, Zurich Branch, acts as co-lead manager.

Walder Wyss acts as legal counsel to Swiss Life AG on the issuance and placement of the bond. The Walder Wyss team is led by Markus Pfenninger (Partner, Banking Finance) and Alex Nikitine (Managing Associate, Capital Markets, M&A) and includes Johannes A. Bürgi (Partner, Banking Finance), Maurus Winzap (Partner, Tax) and David Borer (Associate, Banking Finance).