Zurich Insurance Group (Zurich), announced the successful placement of USD 1.75 billion of dated subordinated notes (the “Notes”).
The Notes, which will mature in April 2051 and are first callable in January 2031, will be issued by Zurich Finance (Ireland) DAC. The annual coupon is fixed at 3.00% until April 2031.
The transaction was targeted at European and Asian institutional investors and has been conducted for general corporate purposes.
