Successful inaugural hybrid bond issuance of the Baloise Group

Basel, September 12, 2017. The Baloise Group successfully placed an inaugural CHF 500 million hybrid bond issued by Baloise Life Ltd and guaranteed on a subordinated basis by Bâloise Holding Ltd.

Following very positive feedback from investor meetings last week, the Baloise Group successfully placed a CHF 300 million perpetual subordinated bond, first callable in June 2023 (coupon until first call date: 1.75%) and a CHF 200 million dated subordinated bond with final maturity in 2048, first callable in June 2028 (coupon until first call date: 2.20%).

Both tranches are issued by Baloise Life Ltd and are guaranteed on a subordinated basis by Bâloise Holding Ltd. The instruments will be rated "BBB+" by Standard & Poor’s. S&P moved Baloise Group's rated entities onto positive outlook on 1st September 2017.  This includes the issuing entity Baloise Lift Ltd which currently has a rating of “A”.

Carsten Stolz, Group Chief Financial Officer, said: "The debut hybrid offering represents an important step for the Baloise Group. It allows us to further optimize our capital structure with regards to our financial and strategic objectives. We are delighted to have received such a positive investor response to our debut offering ".

The proceeds from the offering will be used for general corporate purposes, including the refinancing of outstanding debt instruments as well as the financing of the ongoing share buyback program. The bond will be listed on the SIX Swiss Exchange. UBS acted as Sole Structuring Advisor and Sole Bookrunner on the offering with Credit Suisse, UBS and Zurich Cantonal Bank acting as Joint Lead Managers and Basler Kantonalbank acting as Co-Manager.

Contact

Portrait Roberto Brunazzi

Roberto Brunazzi

Head of Media Relations

Phone

+41 58 285 82 14

Email

media.relations@baloise.com
Portrait Marc Kaiser

Marc Kaiser

Head of Corporate Communications & Investor Relations

Phone

+41 58 285 81 81

Email

marc.kaiser@baloise.com

Die Baloise Group ist mehr als eine traditionelle Versicherung. Im Fokus ihrer Geschäftstätigkeit stehen die sich wandelnden Sicherheits- und Dienstleistungsbedürfnisse der Gesellschaft im digitalen Zeitalter. Die rund 7'300 Baloise Mitarbeitenden fokussieren sich deshalb auf die Wünsche ihrer Kunden. Ein optimaler Kundenservice sowie innovative Produkte und Dienstleistungen machen die Baloise zur ersten Wahl für alle Menschen, die sich einfach sicher fühlen wollen. Im Herzen von Europa mit Sitz in Basel, agiert die Baloise Group als Anbieterin von Präventions-, Vorsorge-, Assistance- und Versicherungslösungen. Ihre Kernmärkte sind die Schweiz, Deutschland, Belgien und Luxemburg. In der Schweiz fungiert sie mit der Baloise Bank SoBa zudem als fokussierte Finanzdienstleisterin, einer Kombination von Versicherung und Bank. Das Geschäft mit innovativen Vorsorgeprodukten für Privatkunden in ganz Europa betreibt die Baloise mit ihrem Kompetenzzentrum von Luxemburg aus. Die Aktie der Bâloise Holding AG ist im Hauptsegment an der SIX Swiss Exchange kotiert.

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