Walder Wyss advises Helvetia on CHF 400 million senior bond issue

Helvetia has successfully placed two senior bonds tranches totalling CHF 400 million on the Swiss capital market. The insurance group has placed a CHF 250 million senior bond tranche with maturity in 2026 and a 1.45% coupon and a CHF 150 million senior bond tranche with maturity in 2029 and a 1.95% coupon. The proceeds will be used for general corporate purposes, including possible refinancings of outstanding instruments. The bonds are guaranteed by Helvetia Holding. Credit Suisse, Deutsche Bank and UBS acted as joint lead managers to the transaction as well as Zürcher Kantonalbank as co-manager.

Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to become a successful insurance group with over 12,000 employees and more than 7 million customers.

Walder Wyss acted as legal counsel to Helvetia on this transaction. The team was led by Markus Pfenninger (partner, transactions, pictured left) and Ramona Wyss (transactions, pictured right) and included Maurus Winzap (partner, tax), Fabienne Limacher (partner, tax) and Christian A. Schmid (associate, transactions).