Information on our outstanding bonds and ratings from rating agencies.

Bonds  

As of 17.07.2019 

Instrument CHF 4.6y Senior bonds
Issuer Swiss Life Holding AG
S&P Rating A-
Ranking Senior unsecured
Nominal value CHF 250 mn
Interest rate 0.25%, payable annually
Term March 2019 - October 2023
ISIN CH0463112083
Listing SIX Swiss Exchange
Instrument CHF Perpetual NC 6.5
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 425 mn
Interest rate 2.0%, payable annually
Term March 2018 (issued), unlimited
ISIN CH0404311729
Listing SIX Swiss Exchange
Instrument CHF 30.5 J NC 10.5
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 175 mn
Interest rate 2.625%, payable annually
Term March 2018 (issued), September 2048
ISIN CH0406990801
Listing SIX Swiss Exchange
Instrument EUR Perpetual NC May 2027
Issuer ELM B.V. (independent repackaging vehicle)
S&P Rating A-
Ranking subordinated
Nominal value EUR 600 mn
Interest rate 4.5%, payable annually
Term September 2016 (issued), unlimited
ISIN XS1492580516
Listing Irish Stock Exchange
Presentation Investors Presentation
Instrument CHF Perpetual NC 5.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking Nachrangig
Nominal value CHF 450 mn
Interest rate 3.75%, payable annually
Term March 2016 (issued), perpetual
ISIN CH0316994646
Listing SIX Swiss Exchange
Instrument CHF 30.5 NC 10.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 150 mn
Interest rate 4.375%, payable annually
Term March 2016 (issued), September 2046
ISIN CH0316994653
Listing SIX Swiss Exchange
Instrument EUR Perpetual nc 10 Notes *
Issuer Demeter B.V. (independent repackaging vehicle)
S&P Rating A-
Ranking subordinated
Nominal value EUR 750 mn
Interest rate 4.375%, payable annually
Term June 2015 (issued), unlimited
ISIN XS1245292807
Listing Irish Stock Exchange
Presentation Investors Presentation
* The bond was issued by Demeter to finance a subordinated, perpetual loan to Swiss Life AG, which is also guaranteed by SL Holding.

S&P Rating

On 16 April 2019, Standard & Poor's Global Ratings raised the financial strength rating on Switzerland-based life insurer Swiss Life AG from ‘A with positive outlook’ to ‘A+ with stable outlook’. At the same time, the issuer credit rating on Swiss Life Holding Ltd was lifted from ‘BBB+’ to ‘A-’.

Swiss Life Ltd Assessment
Financial Strength Rating A+ / stable
Counterparty Credit Rating A+ / stable
   
Swiss Life Holding Ltd Assessment
Issuer Credit Rating A- / stable

 

Standard & Poor’s produces and publishes an interactive valuation for Swiss Life on a regular basis. Any other rating agency may produce and publish valuations for Swiss Life on an unsolicited basis.

Investor Relations

investor.relations@swisslife.ch