Company Announcements

Swiss Re Subordinated Finance Plc  EUR Guaranteed Subordinated Fixed Rate Notes 11NC10 due 2037

Pre-Stabilisation Notice

 

April 15, 2026

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

 

 

Swiss Re Subordinated Finance Plc

EUR Guaranteed Subordinated Fixed Rate Notes 11NC10 due 2037

Launched pursuant to the Issuer's Debt Issuance Programme

 

 

Commerzbank AG (contact: Ian Turner; telephone: +44-207-7475-1817) hereby announces, as Stabilisation Coordinator, that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU Regulation 596/2014).

 

 The security to be stabilised:

Issuer:                                Swiss Re Subordinated Finance Plc

Guarantor (if any):                    Swiss Re Ltd

Aggregate nominal amount:              EUR Benchmark

Description:                           EUR 11NC10 Tier 2 Notes due April 2037

Offer price:                           Tbc

Other offer terms:                     DIP documentation,

 Stabilisation:

                                       Commerzbank AG

                                       BNP Paribas SA
Stabilisation Coordinator:
                                       Nordea Bank Abp
Stabilising Managers:
                                       Societe General SA

                                       UBS AG London Branch

Stabilisation period expected to start April 15, 2026
on:

Stabilisation period expected to end   no later than 30 days after the proposed
on:                                    issue date of the securities

Existence, maximum size and conditions The Stabilising Managers may over-allot
of use of over-allotment facility.     the securities to the extent permitted
                                       in accordance with applicable law.

Stabilisation trading venue:           Euro MTF Market of the Luxembourg Stock
                                       Exchange

 

In connection with the offer of the above securities, the Stabilising Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

 

This announcement is not for distribution, directly or indirectly, in or into the   United States or any other jurisdiction in which such distribution would be unlawful.

 

 

END