Baloise successfully issues its second Swiss Franc senior green bond
July 05, 2022 at 06:03 am
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Baloise Holding AG
/ Key word(s): Bond
Baloise successfully issues its second Swiss Franc senior green bond
05.07.2022 / 07:00
Basel, July 05, 2022. Baloise Group has successfully placed a CHF 110 million senior green bond due in July 2028 in alignment with its existing Green Bond Framework.
Yesterday, Baloise Group successfully issued a 6-year senior green bond with a coupon of 1.90% for a total size of CHF 110 million in a demanding market environment. The bond was issued by Bâloise Holding AG, which is rated “A-“ with a stable outlook by Standard & Poor's. Like all outstanding senior bonds of Bâloise Holding AG, the bond itself carries no rating.
The proceeds from the green bond issuance will be used to finance Green Buildings in line with the existing Baloise Green Bond Framework. The Green Bond Framework and the related Second Party Opinion can be downloaded at www.baloise.com/bonds.
The bond will be listed on the SIX Swiss Exchange and will settle on July 19, 2022.
UBS and Zürcher Kantonalbank acted as Joint Lead Managers, Basler Kantonalbank as Co-Manager.
The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,900 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.
Baloise Holding AG is a Switzerland-based company that offers insurance and retirement solutions to private individuals and companies. The Company combines insurance and banking services and is active in Switzerland, Germany, Belgium and Luxembourg. The Company diversifies its activities into Non-life, Life, Asset Management & Banking and Other Activities business segments. The Nonlife segment includes accident and health insurances, as well as products of the liability, motor, property and marine sectors. The Life segment includes capital-forming insurance and risk covers, among others. The Asset Management & Banking operating segment encompasses banking-related areas of asset management as well as the actual banking area. The Other Activities segment comprises equity investment companies, real-estate firms and financing companies.