Helvetia successfully issues two senior bond tranches for a total of CHF 400 million

Helvetia Holding AG / Keyword(s): Bond
Helvetia successfully issues two senior bond tranches for a total of CHF 400 million
08.06.2022 / 07:00

Press release
St. Gallen, June 8, 2022

Helvetia successfully placed two senior bond tranches totaling CHF 400 million on the Swiss capital market. Helvetia will use the funds for general corporate purposes.

Helvetia successfully placed a senior bond tranche in the amount of CHF 250 million with a maturity in 2026 and a coupon of 1.45%. In addition, the company issued a senior bond tranche with a volume of 150 million francs maturing in 2029. This tranche bears a coupon of 1.95%.

The funds from the issuance will be used by Helvetia for general corporate purposes, including any refinancing of outstanding instruments. “The transaction was successfully executed in a difficult market environment. This underlines Helvetia’s excellent financing capabilities in the Swiss capital market”, comments Group CFO Annelis Lüscher Hämmerli.

Credit Suisse, Deutsche Bank and UBS acted as co-managers of the transaction with Zürcher Kantonalbank as co-manager.

About Helvetia Group
Helvetia Group, headquartered in St. Gallen, has grown since 1858 into a successful insurance group with more than 12,000 employees and more than 7 million customers. It has always enabled its customers to seize opportunities and minimize risks – Helvetia is there for them when it counts. Helvetia is the best partner and is present wherever protection needs arise, with insurance, pension and investment solutions from a single source as well as simple products and processes. The insurance group knows the business, from mobile phone insurance and insurance cover for the Gotthard Base Tunnel to long-term investment of customer assets. Helvetia enthusiastically develops and opens up new business models and advances its own business in a powerful and future-oriented way. It acts with foresight and responsibility in everything it does: for the benefit of its shareholders, customers and employees as well as its partners, society and the environment.
Helvetia is Switzerland’s leading all-lines insurer. In the Europe segment comprising Germany, Italy, Austria and Spain, the company has solidly anchored market positions to generate above-average growth. In the Specialty Markets segment, Helvetia offers tailor-made special insurance and reinsurance cover worldwide. With a business volume of CHF 11.22 billion, Helvetia achieved an IFRS net profit after tax of CHF 519.8 million in the 2021 financial year. The shares of Helvetia Holding AG are traded on the SIX Swiss Exchange.

Caution
This document was prepared by Helvetia Group and may not be copied, modified, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Group. The German version of this document is decisive and binding. Versions of the document in other languages ​​are made available for informational purposes only. While every reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where information and statistics are quoted from a external source, such information or statistics should not be interpreted as having been adopted or recognized as accurate by the Helvetia Group. Neither Helvetia Group, nor any of its directors, officers, employees and advisers, nor any other person can be held liable in any way whatsoever for damages resulting, directly or indirectly, from the use of this information. The facts and information contained herein are as current as reasonably possible, but may be subject to revisions in the future. Neither Helvetia Group nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein.
This document may contain projections or other forward-looking statements relating to Helvetia Group which, by their very nature, involve inherent risks and uncertainties, both general and specific, and there is a risk that the predictions, forecasts, projections and other results described or implied in forward-looking statements – forward-looking statements will not be made. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, particularly in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general pattern of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates; and (10) realization of economies of scale and synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group as of the date of their publication and Helvetia Group assumes no obligation to update such statements, except as required by applicable law.

End of press release

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