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Commentary & Deal Flow

NEW ISSUE: Swiss Life Finance I €500m (WNG) 7yr Sr Unsec; MS+100a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Swiss Life Finance I

7yr

06-May-33

€500m (WNG)

Sr Unsec

Fixed

MS+100a




IPTs: 7yr: MS+100a

  • Issuer: Swiss Life Finance I AG
  • Guarantor: Swiss Life Holding AG
  • Ticker: SLHNVX Corp
  • Guarantor Rating: A- (S&P / stable)
  • Exp. Issue Rating: A- (S&P)
  • Format: Reg S, senior unsecured, uncertificated securities (Wertrechte)
  • IPTs: MS+100bps area
  • Issue Amount: €500m (WNG)
  • Settlement Date: 06-May-26 (T+5)
  • Maturity Date: 06-May-33
  • Coupon: [•]% per annum, payable annually in arrear on 06 May each year, commencing on 06-May-27
  • Early Redemption: Clean-up Par Call (80%) and Make-Whole Call
  • Denominations: €100k + 1k
  • Business Days: Zurich, Vaduz, T2
  • Business Day Method / Day Count: Following (unadjusted), act/act (ICMA)
  • Selling Restrictions: The Bonds are subject to restrictions on their offering, sale and delivery both generally and specifically, inter alia, in the United States and to U.S. persons, the European Economic Area and the United Kingdom, as set out in the prospectus
  • Documentation: Standalone. Prospectus approval post settlement only, in accordance with art. 51 FinSA
  • Governing Law: Swiss Law
  • Clearing and Settlement Systems / Listing: SIX SIS Ltd / SIX Swiss Exchange
  • Use of Proceeds: The net proceeds of the Bonds will be used for general corporate purposes
  • Issuer LEI: 549300GDVNT1NHIHOW12
  • Guarantor LEI: 5493000KUC3Z24U77V93
  • Joint Lead Managers: Deutsche Bank, Natixis and UBS (B&D)
  • Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) and no disclosure document required by the FCA Product Disclosure Sourcebook ("DISC") has been prepared as not available to retail in EEA, the UK or elsewhere
  • Timing: Today’s business