Today, Baloise successfully issued a 6.5-year senior bond with a coupon of 2.20% for a total size of CHF 225 million. The bond was issued by Bâloise Holding AG, which is rated “A-“ with a stable outlook by Standard & Poor's. Like all outstanding senior bonds of Bâloise Holding AG, the bond itself carries no rating.
The proceeds from the issuance of the bond will be used for general corporate purposes, including the refinancing of maturing bonds.
The bond will be listed on the SIX Swiss Exchange and will settle on November 30th, 2022.
Zürcher Kantonalbank and Credit Suisse acted as Joint Lead Managers, Basler Kantonalbank as Co-Manager.