Swiss Re borrows $1.5bn from JP Morgan
Swiss Re, one of the world's largest reinsurers, has entered into a $1.5bn long term letter of credit facility with US bank JP Morgan.
The 20-year bond will mature in 2028, with a pricing reset feature after the first ten years. This facility replaces and expands the existing arrangements Swiss Re currently has in place in orderOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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