Zurich announced that it intends to exercise its option to redeem CHF 225 million of subordinated debt on June 2, 2021, according to a press release.

The CHF 225 million 2.75% Fixed Rate Capital Notes (ISIN: CH0315593852, Security no. 31 559 385), issued by Zurich Insurance Company Ltd in 2016, are expected to be redeemed on June 2, 2021 at par plus accrued interest.

The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX.