By Aleesia Forni
Virginia Beach, April 16 – Willow No. 2 (Ireland) plc sold $300 million of 4.25% subordinated notes due Oct. 1, 2045 at 217.7 basis points over mid-swaps on Thursday, a market source said.
Pricing was at 99.946.
The notes are guaranteed by Zurich Insurance Group Ltd.
Bank of America Merrill Lynch and Barclays are bookrunners.
The provider of financial services and insurance. It is based in Zurich, Switzerland.
| Issuer: | Willow No. 2 Ireland plc
|
| Amount: | $300 million
|
| Description: | Subordinated notes
|
| Maturity: | Oct. 1, 2045
|
| Bookrunners: | BofA Merrill Lynch, Barclays
|
| Coupon: | 4.25%
|
| Price: | 99.946
|
| Spread: | Mid-swaps plus 217.7 bps
|
| Trade date: | April 16
|
| Settlement date: | April 22
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
