Zurich Finance (Ireland) DAC (ZURNVX)

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Zurich Finance (Ireland) DAC (ZURNVX)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	ZURNVX	Zurich Finance (Ireland) DAC	£1,000		1	EMEA	Aug 16, 2022

Tranche #1Zurich Finance (Ireland) DAC

currency

GBP

size (m)

1,000.000

maturity

Nov 23, 2052

type

Fixed

tenor

30.000

call

registration

Reg S Only

benchmark

ranking

Subordinated

moody's

s&p

A+

fitch

size description

re-open/tap

ipt

G+335 a

ipt-pxd

guidance

spread

310

coupon

5.125%

spread set

price

99.12100

yield

5.238%

book size (m)

2,700

peak book (m)

x-covered

2.7

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,700

peak book (m)

x-covered

2.7

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30 yr: Book size: 2700; Redemption: 2032-11-23; Registration: Reg S Only; Comments: GBP1bn NC10.25 bmk Tier 2 RegS. A2/A+. Barc/Citi(B&D)/CS. IPTs UKT 4.25% 2032+335 area, launch 1bn at G+310, bk c.2.7bn, peak 2.9bn+, 100bp step. Gilt 118.59/2.138% mid. FTT 4.30pm. Reset Date: 2032-11-23. Distribution: UK 81%, Switz 4%, Benelux 4%, Asia 4%, Ger/Aus 3%, Nordics 3%, Other 1%. AM 66%, Ins/PF 30%, Bks/PB 3%, HF 1%. LEI: 549300E0FVHYR37EGX65;

Deal Comments

Tier 2

Guarantor(s)

Zurich Insurance Co Ltd

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Zurich Finance (Ireland) DAC (ZURNVX)

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