Swiss Life Announces Successful Placement of Senior Bonds Totaling CHF 600 Million

On April 10, 2024, Swiss Life Holding AG disclosed the successful placement of three tranches of senior bonds, amounting to a total of CHF 600 million. The tranches include a CHF 125 million senior bond with a maturity in 2027 and a coupon rate of 1.4100%, a CHF 200 million bond maturing in 2030 with a 1.5025% coupon, and a CHF 275 million bond due in 2033, featuring a 1.6575% coupon. The announcement highlighted Swiss Life's strategic move to bolster its financial structure.

Focused on the Swiss franc market, the placement aims to support Swiss Life’s general corporate operations, including the potential refinancing of future debts. The offering's success illustrates the market's confidence in Swiss Life’s credit and operational stability. Investors' reception of these bonds could further solidify the company's position within the financial and insurance sectors in Europe. The net proceeds are earmarked for general corporate purposes, accentuating Swiss Life's prudent financial management and strategic growth planning.

Swiss Life also made it clear that this announcement serves primarily as a record of the placement, explicitly stating that it does not act as an offer or solicitation for the purchase of securities. The bonds have been placed according to Swiss and EU regulations, underscoring Swiss Life’s compliance with financial laws and standards. This strategic move demonstrates Swiss Life’s continued strength in the European insurance and financial services markets.