Swiss Re issues various types of debt, hybrid, equity-linked or equity instruments to obtain funds for general corporate purpose or for specific transactions.
Swiss Re also issues senior debt for various purposes. The EMTN programme represents an important and efficient instrument from the overall portfolio of available funding instruments.
Find out more on Swiss Re's financial strength ratings.
Read more about the key awards that Swiss Re has won for its proven excellence in capital markets funding below.
Swiss Re received The Banker’s “Deal of the Year 2008 Award”
Swiss Re won The Banker’s “Deal of the Year 2008 Award” for the GBP 500 million Tier 1 hybrid. “Thanks to meticulous organisation, Swiss Re successfully launched its inaugural benchmark Sterling hybrid Tier 1 notes at short notice, when windows of stability were identified. The choice of Sterling as the issue currency provided investor and market diversification and arguably a better execution than euros or dollars would have allowed”.
Swiss Re received Euromoney’s award for “Best Insurance Borrower”, KangaNews’ “Kangaroo Deal of the Year” award, insto’s “Hybrid Deal of the Year” award and FinanceAsia’s award for “Best Local Bond Deal”
Swiss Re won Euromoney’s “Best Insurance Borrower” award. Euromoney highlighted that “the reinsurer conducted four hybrid benchmark offerings in textbook fashion”. Furthermore Swiss Re “reopened the US hybrid market with its USD 750 million hybrid, for which it deserves kudos as it was considered a brave move by market participants at the time”.
Swiss Re was awarded KangaNews’ “Kangaroo deal of the year” for its AUD 750 million dual tranche hybrid issued in April 2007 due to the “measured build-up to a debut deal involving road showing and a willingness to listen and respond to investor input” and the fact that “when the deal was brought it was strongly executed and well distributed”. “The transaction was executed in a very short timeframe by Australian market standards and in particular for hybrid issues”.
Swiss Re was awarded insto’s distinction award 2007 as “hybrid deal of the year” for its AUD750 million dual-tranche hybrid issued in April 2007 in recognition of professional excellence.
Swiss Re was awarded FinanceAsia’s achievement award for “best local bond deal” for its AUD750 million dual-tranche hybrid issued in April 2007. “Investors liked the yield and were left begging for more when the issuer capped the deal size at A$750 million”. “This was a debut Kangaroo for the global reinsurer and helped the issuer to achieve its diversification objectives”.
Swiss Re was awarded Reaction’s “Capital Raising of the Year” award and Credit Magazine’s “Hybrid Deal of the Year” award
Swiss Re’s capital markets’ transactions to fund the acquisition of GE Insurance Solutions totaling USD 7.6 billion won the award “Capital Raising of the Year” from Reactions. In addition the EUR 1 billion and USD 750 million hybrids were named “Hybrid Deal of the Year” by Credit Magazine.
With regards to the USD 750 million hybrid Credit Magazine commented that “Swiss Re succeeded in bringing a benchmark deal to a market mired in uncertainty”, while the EUR 1 billion hybrid was praised for its “innovative structure, that allowed Swiss Re to manage the threefold pressures of regulatory capital requirements, rating agency capital and tax regulations”.
Swiss Re received ifr's “structured equity award”
The “International Financing Review” (ifr) has honoured Swiss Re’s EUR 672 million mandatory convertible bond issued in July 2004 with its “ifr structured equity award”. This award is the most prestigious of its kind and is said to be the European financial services industry’s equivalent to Hollywood’s Oscars. This is the first time that Swiss Re received this award.
"The ifr award is one of four awards which Swiss Re’s mandatory convertible bond has received, and is by far the most prestigious," commented Jürg Hess, Swiss Re's Treasurer. The other three awards are the “Equity-Linked Deal of the Year” from both “The Treasurer magazine” and “Financial News” and "Deal of the year 2004 in Switzerland" by "The Banker" magazine.