Zurich announces early redemption of subordinated debt
Author: Zurich Financial Services Group  News release
Date: Monday, November 08, 2010
Zurich Financial Services Group (Zurich) announced on November 8, 2010 that it had exercised its option to early redeem USD 1 billion of subordinated debt.

Zurich announced that they would redeem USD 600 million of Series I Fixed/Adjustable Rate Enhanced Capital Advantaged Preferred Securities (“ECAPS”) and USD 400 million of Series III Floating Rate ECAPS issued in December 2005 by ZFS Finance (USA) Trust I and ZFS Finance (USA) Trust III respectively at par together with accrued interest on 15th December 2010.

News release Zurich Financial Services Group November 8, 2010 (Download)