Zurich Finance DAC

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	-	Zurich Finance DAC	€750		1	EMEA	Jun 9, 2020

Tranche #1Zurich Finance DAC

currency

EUR

size (m)

750.000

maturity

Jun 17, 2050

type

Variable

tenor

30.250

call

registration

Reg S Only

benchmark

Swaps

ranking

Subordinated

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+215 a

ipt-pxd

guidance

MS+200 a

spread

195

coupon

1.875%

spread set

price

99.69900

yield

1.908%

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30.25 yr: Book size: 1500; Redemption: 2030-06-17; Registration: Reg S Only; Comments: EUR750m 30.25NC10.25yr fxd Tier 2 sub RegS. A2/A. CA-CIB/DB/HSBC/JPM(B&D). ZI gtee. IPTs MS+215 area, guidance MS+200 area for exp 500m, launch 750m @MS+195, bks >1.5bn, 100bp step. DBR 0% 02/30 (@103.22) +223.5bps - HR 92%. Reset to 3mEu+195. LEI: 549300E0FVHYR37EGX65.;

Deal Comments

Tier 2

Guarantor(s)

Zurich Insurance Company Ltd

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