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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
-
Zurich Insurance Co LtdCHF275
1EMEA
Jan 7, 2022
currency
CHF
size (m)
275.000
maturity
May 3, 2052
type
Fixed
tenor
30.300
call
-
registration
-
benchmark
Swaps
ranking
Subordinated
moody's
A2
s&p
A+
fitch
-
size description
-
re-open/tap
No
ipt
1.5-1.6%
ipt-pxd
-
guidance
-
spread
127.4
coupon
1.5%
spread set
-
price
100.00000
yield
1.5%
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
30.3 yr: Redemption: 2032-02-03; Comments: Distribution Stats: Switz 100%. AM 39%, Ins 29%, Retail/PB/Bks 17%, PF 15%.CHF275m 30.3NC10.3 sub. A2/A+. CS/ZKB. IPTs 1.5%-1.6% coupon. Bks open for CHF200m+ at same (equiv SaMS+129/+139), set 1.5% for 250m+, came 275m @ par = Saron MS +127.4 initial margin. reset margin + 100bp step. 3mPC. Par Call: 3m. Distribution Stats: Switz 100%. AM 38.02%, Ins 34.88%, Retail/PB/Bank 13.68%, PF 13.41%.;

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