Zurich Finance (Ireland) DAC (ZURNVX)

No results found for "".

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	$500		1	EMEA	Oct 16, 2024

Tranche #1Zurich Finance (Ireland) DAC

currency

USD

size (m)

500.000

maturity

Apr 23, 2055

type

Fixed

tenor

30.500

call

registration

Reg S Only

benchmark

Tsy

ranking

Subordinated

moody's

s&p

A+

fitch

size description

re-open/tap

ipt

6.00% a

ipt-pxd

guidance

spread

141.9

coupon

5.50%

spread set

price

100.00000

yield

5.505%

book size (m)

3,250

peak book (m)

x-covered

6.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,250

peak book (m)

x-covered

6.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30.5 yr: Book size: 3250; Redemption: 2034-10-23; Registration: Reg S Only; Comments: USD500m WNG 30.5NC10.5 sub. A1/A+/NR. CA-CIB/HSBC/JPM(B&D)/UBS. IPTs 6% area, launch 5.5% ann cpn. Books 3.25bn+ (peak 3.9bn+). Re-offer Spread T+141.9bp vs T 3.875% 08/15/34 (@4.012%) plus Step-up 100bp at reset. FTT 3pm. Reset Date: 2035-04-23. Cleanup Call: 75%. Tax Call: Yes. LEI: 213800KA6D8H8QF8PN62;

Guarantor(s)

Zurich Insurance Co Ltd

Hide Details

Explore all other Commentary & Deal Flow

Asset Backed Securities

sector/subsector profiles

High Yield

industry/subindustry profiles

Investment Grade

industry/subindustry profiles

Zurich Finance (Ireland) DAC (ZURNVX)

Deal Details

Commentary

Deal Flow