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Media release
Group News
Mergers & acquisitions

Successful start of the financing process of the acquisition of Nationale Suisse

As part of the financing of the Nationale Suisse acquisition, Helvetia has successfully placed a Dual Tranche Hybrid Bond of CHF 525 million.
Based on the positive feedback of the investor roadshows earlier this week, Helvetia Schweizerische Versicherung AG (Helvetia) started the financing of the cash component of the Nationale Suisse transaction and placed today a dual tranche hybrid bond of CHF 525 million. As an innovation in the Swiss market, Helvetia offered a dated hybrid instrument with a tenor of 30 years and a first non-call period of 10 years, complemented by a perpetual hybrid instrument with a first non-call period of 5.5 years.

The instruments were sought after by a broad investor base consisting of private and institutional investors resulting in a combined demand of CHF 525 million. The first fixed annual coupon on the dated instrument is 4% for an issuance size of CHF 200 million, while the perpetual instrument took on the larger part of the aggregated issuance with CHF 325 million and a first fixed annual coupon of 3.5%. Both tranches are guaranteed by Helvetia Holding AG and Standard & Poor's has assigned a 'BBB+' Rating, which is derived from the rating of Helvetia ('A' / Credit Watch Negative).

This early start to the financing of the acquisition allows Helvetia to reduce the drawdown of the fully committed bridge loan, which has been put in place to back the cash component of the Nationale Suisse transaction. Helvetia will continue to manage the refinancing of this bridge loan over the course of the next months, making best use of market conditions.

This media release is also available on the home page www.helvetia.com/media.

Contact information
Helvetia Group
Susanne Tengler
Director Investor Relations
Dufourstrasse 40
CH-9001 St.Gallen

Phone: +41 58 280 57 79
Fax: +41 58 280 55 89
Helvetia Group
Martin Nellen
Head Corporate Communications
and Brand Management
Dufourstrasse 40
CH-9001 St.Gallen

Phone: +41 58 280 56 88
Fax: +41 58 280 55 89