Baloise announces repayment of hybrid bonds of CHF 300 million

Media releases

Basel, April 20, 2023. Today, Baloise announced to pay perpetual hybrid bonds with a volume of CHF 300 million back to the creditors.

Baloise exercises the right to repay subordinated bonds with indefinite term in the amount of CHF 300 million at par plus accrued interest on the first call date on June 19, 2023. The bonds (ISIN: CH0379610998) with a coupon of 1.75% and guaranteed by Bâloise Holding Ltd were issued by Baloise Life Ltd in 2017.

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About Helvetia Baloise

Helvetia Baloise is Switzerland’s largest multi-line insurer and one of Europe’s leading insurance groups. Every day, more than 22,000 employees work hard to support around 13 million customers with insurance, pension, and financial solutions. These customers range from individuals and small to medium-sized enterprises (SMEs) through to international customer groups, which also benefit from areas such as specialty insurance and reinsurance. Headquartered in Basel, Switzerland, Helvetia Baloise operates in eight European markets and in global specialty markets, combining its strong Swiss roots with a clear international focus. Helvetia Baloise creates safety and security and opens up opportunities, both today and in the future. Through profitable growth and business operations that are geared to long-term stability, we create tailored solutions for our customers, provide an attractive and reliable investment for our shareholders, promote strong partnerships and offer rewarding career prospects for our employees. Helvetia Baloise Holding Ltd shares (HBAN) are listed on the SIX Swiss Exchange.