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Media release
Group News
Mergers & acquisitions

Further milestone in the takeover of Nationale Suisse reached: Successful completion of a part of the financing process and receipt of all regulatory approvals.

On the back of continued strong demand, Helvetia increased the volume of the dual tranche hybrid bond to CHF 625 million and reached its target corridor for hybrid debt financing.
Based on strong demand for the dual-tranche hybrid bond placed on 2 October 2014, Helvetia Schweizerische Versicherungsgesellschaft AG (Helvetia) again opened the books today and increased the volume from CHF 525 million to CHF 625 million.

The instruments, with a combined volume of CHF 625 million, continued to be sought after by a broad private and institutional investor base. The volume of the perpetual instrument with a first non-call period of 5.5 years could be increased to CHF 400 million from CHF 325 million as at 2. October 2014. The dated hybrid bond with a first non-call period after 10 years has today been increased by CHF 25 million to CHF 225 million.

The positive demand allowed Helvetia to reopen the books for the dual-tranche hybrid bond and subsequently to conclude already today the first part of the financing process of the Nationale Suisse take-over. The refinancing of the bridge loan will be carried out at a later date, depending on market conditions.

Additionally the relevant Competition and Insurance Supervisory Authorities have issued all necessary approvals for the acquisition of Nationale Suisse. This marks another important milestone in the take-over process of Nationale Suisse. The additional offer period for the exchange of Nationale Suisse shares ends on 9 October 2014 and on 20 October the settlement of the transaction is envisaged, which includes the issuance of new Helvetia shares and the payment of the cash component.
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