Zurich to redeem $575 million variable-rate bonds due 2031 at par

By Melissa Kory

Cleveland, March 1 - Zurich Financial Services Group said that it will redeem its $150 million of variable-rate bonds due March 30, 2031 issued through Zurich Regcaps Funding Trust II, $225 million of variable-rate bonds due April 25, 2031 issued through Zurich Regcaps Funding VI and $200 million of variable-rate bonds due April 4, 2031 issued through Zurich Regcaps Funding Trust V.

The bonds will be redeemed at par plus accrued interest to the applicable redemption date.

The bonds due March 30, 2031 will be redeemed on March 30. The bonds due April 25, 2031 will be redeemed on April 25, and the bonds due April 4, 2031 will be redeemed on April 4.

Bank of New York Mellon Trust Co., NA is the redemption agent.

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