On 3 November 2010, Helvetia Swiss Insurance Company Ltd in St. Gallen issued an undated subordinated bond with a nominal volume of CHF 300 million on the CHF capital market. The bond has a fixed coupon rate of 4.75% p.a. for the first five years. After this period a floating interest based on the three-month CHF LIBOR rate will apply. The bond can be called for the first time after five years. It is scheduled to be listed on the SIX Swiss Exchange.