Walder Wyss advises Swiss Life on hybrid bonds

Swiss Life Ltd has suc­cess­fully placed a CHF450m un­dated sub­or­di­nated bond, first callable in Sep­tem­ber 2021 (coupon until first call date: 3.75 per cent) and a CHF150m dated sub­or­di­nated bond with final ma­tu­rity in 2046, first callable in Sep­tem­ber 2026 (coupon until first call date: 4.375 per cent). he bonds have been placed with in­vestors in the Swiss franc mar­ket.

Walder Wyss acted as legal coun­sel to Swiss Life Ltd. on this trans­ac­tion. The Walder Wyss team in­cludes Markus Pfen­ninger (bank­ing fi­nance, lead part­ner), Alexan­der Niki­tine (cap­i­tal mar­kets, part­ner),Mau­rus Win­zap (tax, part­ner), Ra­mona Wyss (bank­ing fi­nance, as­so­ci­ate) and Se­bas­t­ian Müller (bank­ing fi­nance, trainee).