Swiss Life Ag (SLHNVX)

No results found for "".

Swiss Life Ag (SLHNVX)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	SLHNVX	Swiss Life Ag	CHF600		2	EMEA	Mar 1, 2018

Tranche #1Swiss Life Ag

currency

CHF

size (m)

175.000

maturity

Sep 25, 2048

type

Fixed

tenor

30.500

call

registration

benchmark

Swaps

ranking

Subordinated

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

2.50-2.75%

ipt-pxd

guidance

2.50-2.75%

spread

211.3

coupon

2.625%

spread set

price

100.00000

yield

2.625%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Swiss Life Ag

currency

CHF

size (m)

425.000

maturity

type

Fixed

tenor

Perp

call

registration

benchmark

Swaps

ranking

Subordinated

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

2.125-2.375%

ipt-pxd

guidance

2.00-2.25%

spread

184.2

coupon

2.00%

spread set

price

100.00000

yield

2.00%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30.5 yr: Comments: CHF175m+ (from 125m+, from 100m+) 30.5NC10.5 sub. With perp NC6.5. BBB+ S&P. CS/DB/UBS. Coupon IPTs/bks open 2.5%/2.75% (WPIR, tbp at par), indic MS+199/+224, set 2.625% (c.MS+212), bks close 2pm (3pm CET). Came 175m 2.625%, = MS+211.3 (Source: IFR); P NC 6.5: Redemption: 2024-09-25; Comments: CHF400m+ (from 375m+, from 300m+) PNC6.5 sub. With 30.5NC10.5. BBB+ S&P. CS/DB/UBS. Coupon IPTs 2.125%/2.375% (tbp at par, = indic MS+195/+220), guidance 2%/2.25% WPIR = MS+184/209, final 2% (MS+184a). Came 425m 2% = MS+184.2 (Source: IFR);

Guarantor(s)

Swiss Life Holding AG

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

Swiss Life Ag (SLHNVX)

Deal Details

Commentary

Deal Flow