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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SRENVX
Swiss Re Finance Luxembourg SA€750
1EMEA
Mar 14, 2019
currency
EUR
size (m)
750.000
maturity
Apr 30, 2050
type
Fixed
tenor
31.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Subordinated
moody's
-
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
MS+215 a
ipt-pxd
-
guidance
MS+190-195
spread
185
coupon
2.534%
spread set
-
price
100.00000
yield
2.534%
book size (m)
3,400
peak book (m)
-
x-covered
4.53
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,400
peak book (m)
-
x-covered
4.53
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
31 yr: Book size: 3400; Redemption: 2030-04-30; Registration: Reg S Only; Comments: EUR750m bmk 31NC11yr dated sub RegS. A. BNPP/DB(B&D)/HSBC/NatWest/UBS. IPTs MS+215 area, guidance MS+190/195 for 750m, launched MS+185 on 3.4bn bk (topped >4bn pre rec). HR 96% vs DBR 0.25% 2/29+245 @101.64. 100bp step at first call;
Guarantor(s)
Swiss Reinsurance Co Ltd

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