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	$750		1	EMEA	May 15, 2025

Tranche #1Zurich Finance (Ireland) DAC

currency

USD

size (m)

750.000

maturity

Nov 22, 2055

type

Variable

tenor

30.500

call

10.50

registration

Reg S Only

benchmark

YLD

ranking

Subordinated

moody's

s&p

A+

fitch

size description

re-open/tap

ipt

6.50% a

ipt-pxd

guidance

spread

167.6

coupon

6.25%

spread set

price

100.00000

yield

6.256%

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

30.5 yr: Book size: 1500; Redemption: 2035-05-22; Registration: Reg S Only; Comments: USD750m 30.5NC10.5 cpn 6.25% at 100, yld 6.256%. Re-offer Spread +167.6bps vs. T 4 1/4 05/15/2035 (@4.485%) plus Step-up 100bp at reset. Reset Date: 11/22/2025. Cleanup Call: 75%. Tax Call: Yes. LEI: 213800KA6D8H8QF8PN62;

Guarantor(s)

Zurich Insurance Co Ltd

Use of Proceeds

Repay debt and general corporate purposes

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