.dbsbank prices Swiss Re's S$350m 15-year notes at 3.125%
Australia and New Zealand Banking Group, DBS Bank, HSBC, and Standard Chartered Bank are the deal's joint lead managers.
Investor interest in the issuance totalled more than S$1.4 billion across 85 accounts, with 75 per cent of orders coming from Singapore, according to deal statistics from DBS Bank. Fund managers made up 34 per cent of the order book, followed by insurance firms at 30 per cent, and banks at 5 per cent, the deal statistics show.
Swiss Re is rated A2 by Moody's and A by S&P. Swiss Re Finance 's latest issuance is expected to be rated A3 by Moody's and BBB+ by S&P.BT is now on Telegram!
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