Hiscox Ltd (HSXLN)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	HSXLN	Hiscox Ltd	$500		1	EMEA	Jun 3, 2025

Tranche #1Hiscox Ltd

currency

USD

size (m)

500.000

maturity

Jun 11, 2036

type

Fixed to Floating

tenor

11.000

call

10.00

registration

Reg S Only

benchmark

ranking

Tier 2

moody's

s&p

BBB-

fitch

size description

Will Not Grow

re-open/tap

ipt

7.50% a

ipt-pxd

guidance

7.125% a (+/-12.5)

spread

coupon

7.00%

spread set

price

100.00000

yield

7.00%

book size (m)

2,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,500

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

11 yr: Book size: 2500; First Pay: 2025-12-11; Redemption: 2034-12-11; Registration: Reg S Only; Comments: USD500m 11NC10 cpn 7.00% S/A at 100. Reset Margin: 3.027%. Reset Date: 6/11/2035. UST 4.250% due 5/15/2025 (Yield: 4.436%). Par Call: 6m. Clean-up Call: 75%. Tax Event: Yes. LEI: 5493007JXOLJ0QCY2D70. Distribution Stats: By Type: Asset Manager 91% Hedge Fund 5% Central Bank / Official Institution 2% Banks & PBs 2%. By Geography: United Kingdom 85% Netherlands 7% Switzerland 2% Other 6%;

Deal Comments

Tier 2

Use of Proceeds

To fund Tender Offer and general corporate purpose

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