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Zurich Finance plans four-year dollar bond -IFR

Source: Reuters - Tue 8th Sep 2009

Zurich Finance SA plans to issue a benchmark four-year dollar bond, IFR reported on Tuesday.

Guidance is at mid-swaps plus around 100 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

Commerzbank, Credit Suisse, HSBC and Royal Bank of Scotland have been named to manage the deal, which will be guaranteed by Zurich Insurance Company Ltd., IFR said.

Zurich Insurance is rated AA- by Standard & Poor's and A by Fitch Ratings.

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