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.

Write email

About Baloise

The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded more than 160 years ago, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8.6 billion in 2023. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.