Zurich Insurance Group (Zurich) has announced the successful placement of USD 500 million of dated subordinated notes (the “Notes”).
The Notes, which will mature in October 2056 and are first callable in April 2036, will be issued by Zurich Finance (Ireland) II DAC. The annual coupon is fixed at 5.875% until October 2036.
The transaction was targeted at European and Asian institutional investors and has been conducted for general corporate purposes.
