Swiss Life Ltd has successfully placed a CHF 450 million undated subordinated bond, first callable in September 2021 (coupon until first call date: 3.75%) and a CHF 150 million dated subordinated bond with final maturity in 2046, first callable in September 2026 (coupon until first call date: 4.375%).

Walder Wyss acts as legal counsel to Swiss Life Ltd. on this transaction. The Walder Wyss team includes Markus Pfenninger (Banking Finance, Lead Partner), Maurus Winzap (Tax, Partner), Alex Nikitine (Capital Markets, Partner), Ramona Wyss (Banking Finance, Associate) and Sebastian Müller (Banking Finance, Trainee).