Helvetia Swiss Insurance Company Ltd in St. Gallen has exercised its call option to redeem all the outstanding amount of its hybrid bond pursuant to the Terms and Conditions of the bond. The bond will be redeemed at par plus accrued interest to its holders on or about 30 November 2015. The bond with a total volume of CHF300 million marked Helvetia’s first subordinated bond issuance. It was launched on 30 November 2010 and offered a 4.75% coupon during its fixed interest rate horizon. It is listed on the SIX Swiss Exchange under ISIN CH0119799424.
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