Swiss Life places €600M hybrid bond ahead of debt refinancing
What's the deal? Swiss LifeDealroom has a profile for this one. Try Dealroom → has placed a €600 million dated hybrid bond with European investors, the Swiss insurer said on September 3, 2026. The bond matures in 2046, is first callable in September 2036, and carries a 4.75% coupon until that first call date.
Why now? The issuance is the group's second euro-market deal after an earlier senior bond, and it comes ahead of an upcoming perpetual call. Insurers have timed such deals to tap euro accounts while demand is strong.
What's the endgame? Swiss Life said net proceeds will fund general corporate purposes, including potential future debt refinancing. The move raises fresh tier two capital ahead of scheduled redemptions.
Who's raising? Swiss Life Holding LtdDealroom has a profile for this one. Try Dealroom →, founded in 1857 and listed on the SIX Swiss ExchangeDealroom has a profile for this one. Try Dealroom →, is one of Europe's leading life, pensions, and financial solutions providers. Its core markets are Switzerland, France, and Germany, and it employs around 11,000 people across a network of more than 20,000 advisors.
The signal: At €600 million, the deal ranks around the 52nd percentile by size — a mid-scale raise that reflects how European insurers are turning to hybrid debt to manage capital ahead of redemptions. Timing issuance to engage euro accounts has become a recurring playbook as maturing instruments come due.
Read more: live.deutsche-boerse.com
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