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Swiss Reinsurance Plans Euro Benchmark Subordinated Bond

Date : 07/02/2012 @ 6:25AM
Source : Dow Jones News
Stock : Bank of America Corp. (BAC)
Quote : 16.74  -0.05 (-0.30%) @ 4:42AM
Bank of America share price Chart

Swiss Reinsurance Plans Euro Benchmark Subordinated Bond

Swiss Re (PC) (USOTC:SSREY)
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   By Sarka Halas 
 

Swiss Reinsurance Company Ltd. (SSREY), has planned a euro-denominated, benchmark-size, subordinated bond, one of the banks running the deal said Monday.

Bank of America Merrill Lynch, Barclays, Citigroup, HSBC, and JPMorgan Chase and Co., are the lead managers on the deal, to be launched subject to market conditions.

The issuer is rated A1 by Moody's Investor Services and AA- by Standard & Poor's Corp.

Write to Sarka Halas at sarka.halasova@dowjones.com



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