EMTN programme

Swiss Re’s USD 10 billion EMTN programme serves as platform for issuing fixed-income securities. The programme puts a standard documentation framework in place governing all issues thereunder. It was launched in the year 2000 and has been updated annually since.

Swiss Reinsurance Company Ltd plus four subsidiaries can issue Notes in single tranches off the programme. Notes issued by subsidiary issuers are guaranteed by Swiss Reinsurance Company Ltd.

The shelf programme allows any of the five issuers to access the market quickly and to tailor the instruments according to the needs of the issuer and the investors. The terms of each issuance of Notes are set forth in a related Pricing Supplement. Notes can be listed on the Luxembourg Stock Exchange or the SIX Swiss Exchange.

Offering circular


  • Swiss Reinsurance Company Ltd
  • European Reinsurance Company of Zurich  Ltd
  • Swiss Re Treasury (US) Corporation
  • Swiss Re Finance (Luxembourg) S.A.
  • Swiss Re Treasury (UK) Plc

Programme arranger

  • J.P. Morgan

Dealers appointed

  • BNP Paribas
  • Citi
  • Credit Suisse
  • Deutsche Bank
  • HSBC
  • J.P. Morgan
  • Swiss Re Capital Markets Limited
  • Swiss Re Capital Markets Corporation
  • UBS Investment Bank

    (Additional Dealers may be appointed)