Information on our outstanding bonds and ratings from rating agencies.

Senior bonds  

Instrument CHF 9y Senior bonds
Issuer Swiss Life Holding AG
S&P Rating A-
Ranking Senior unsecured
Nominal value CHF 200 m
Interest rate 2.61%, payable annually
Term January 2023 – January 2032
ISIN CH1242301286
Listing SIX Swiss Exchange

Instrument CHF 5.5y Senior bonds
Issuer Swiss Life Holding AG
S&P Rating A-
Ranking Senior unsecured
Nominal value CHF 200 m
Interest rate 2.2588%, payable annually
Term January 2023 – July 2028
ISIN CH1242301278
Listing SIX Swiss Exchange

Instrument CHF 3y Senior bonds
Issuer Swiss Life Holding AG
S&P Rating A-
Ranking Senior unsecured
Nominal value CHF 200 m
Interest rate 2.04%, payable annually
Term January 2023 – January 2026
ISIN CH1236363433
Listing SIX Swiss Exchange

Instrument EUR 7y Senior bonds
Issuer Swiss Life Finance I AG
S&P Rating A-
Ranking senior unsecured
Nominal value EUR 700 m
Interest rate 3.25%, payable annually
Term August 2022 – August 2029
ISIN CH1210198136
Listing SIX Swiss Exchange

Senior green bonds  

Instrument EUR 10y Senior green bonds
Issuer Swiss Life Finance I AG
S&P Rating A-
Ranking senior unsecured
Nominal value EUR 600 m
Interest rate 0.50%, payable annually
Term September 2021 – September 2031
ISIN CH1130818847
Listing SIX Swiss Exchange

Instrument CHF 5.5y Senior green bonds
Issuer Swiss Life Holding AG
S&P Rating A-
Ranking senior unsecured
Nominal value CHF 250 m
Interest rate 0.00%
Term December 2019 – June 2025
ISIN CH0461238906
Listing SIX Swiss Exchange

Instrument CHF 9.25y Senior green bonds
Issuer Swiss Life Holding AG
S&P Rating A-
Ranking senior unsecured
Nominal value CHF 150 m
Interest rate 0.35%, payable annually
Term December 2019 – March 2029
ISIN CH0461238914
Listing SIX Swiss Exchange

Hybrid bonds  

Instrument CHF 20.5y NC 10.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 250 m
Interest rate 2.125%, payable annually
Term March 2021 (issued), September 2041
ISIN CH1101561491
Listing SIX Swiss Exchange

Instrument CHF Perpetual NC 5.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 250 m
Interest rate 1.75%, payable annually
Term March 2021 (issued), unlimited
ISIN CH0598928759
Listing SIX Swiss Exchange

Instrument CHF 30.5y NC 10.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 175 m
Interest rate 2.625%, payable annually
Term March 2018 (issued), September 2048
ISIN CH0406990801
Listing SIX Swiss Exchange

Instrument CHF Perpetual NC 6.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 425 m
Interest rate 2.0%, payable annually
Term March 2018 (issued), unlimited
ISIN CH0404311729
Listing SIX Swiss Exchange

Instrument EUR Perpetual NC 10.6 Notes
Issuer ELM B.V. (independent repackaging vehicle)
S&P Rating A-
Ranking subordinated
Nominal value EUR 600 m
Interest rate 4.5%, payable annually
Term September 2016 (issued), unlimited
ISIN XS1492580516
Listing Irish Stock Exchange
Presentation Investors Presentation

Instrument CHF 30.5y NC 10.5 Notes
Issuer Swiss Life AG
S&P Rating A-
Ranking subordinated
Nominal value CHF 150 m
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 Argentum B.V., formerly Demeter B.V. (independent repackaging vehicle)
S&P Rating A-
Ranking subordinated
Nominal value EUR 750 m
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 Swiss Life Holding AG.

S&P Rating

On 17 May 2023, Standard & Poor's Global Ratings confirmed the Financial Strength Rating of
‘A+ with stable outlook’ for Swiss Life Ltd, based in Switzerland. Swiss Life Holding's Issuer Credit Rating was also confirmed with an ‘A- with stable outlook’.

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.