Yesterday, Baloise successfully issued a 10-year senior bond with a coupon of 2.35% for a total size of CHF 100 million. The bond was issued by Bâloise Holding Ltd, which is rated “A-“ with a stable outlook by Standard & Poor's. Like all outstanding senior bonds of Bâloise Holding Ltd, the bond itself carries no rating.
The proceeds from the issuance of the bond will be used for general corporate purposes.
The bond will be listed on the SIX Swiss Exchange and will settle on May 2, 2023.
UBS and Zürcher Kantonalbank acted as Joint Lead Managers.