Yesterday, Baloise Group issued a successful 10-year senior bond for a total size of CHF 250 million. The bond was issued by Bâloise Holding AG, which is rated A- rating from Standard & Poor's with a stable outlook. Like all outstanding senior bonds of Bâloise Holding AG, the bond itself has no rating.
The proceeds from the bond sale will be used for general corporate purposes, including the refinancing of maturing senior bonds.
The bond will be listed on the SIX Swiss Exchange. Credit Suisse and UBS acted as Joint Lead Managers, Deutsche Bank as Co-Manager. The bond will settle on February 15, 2021.