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Zurich Raises $540M Via Debt Issue

Zurich Financial Services Group has raised a total of $540.8 million in undated subordinated debt offering.

Zurich Financial Services Group has raised a total of $540.8 million in undated subordinated debt offering. The offering by the Swiss insurance group is first callable in 2018 at 4.625%.

The capital will be issued by Zurich Insurance under its euro medium term note program. The transaction has been conducted for general corporate purposes and to refinance subordinated debt.

Click here for the release from Zurich.

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