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).