Winner: Swiss Re


Reinsurance group Swiss Re sold $2 billion in hybrid capital securities in May in a two-part transaction comprising a $750 million tranche sold in the US and a EUR1 billion tranche sold in Europe. The deal attracted strong demand from investors despite uncertainty in the primary market for US hybrids, and was oversubscribed to the tune of EUR6 billion of orders for the European book and $4 billion for the US tranche.

In the US, Swiss Re's deal was the first hybrid sold since the US insurance

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: