CSFB launches second mandatory convertible for Swiss Life

Credit Suisse First Boston (CSFB) is leading its second mandatory convertible bond for Swiss Life as the Swiss insurance group launches a Sfr350m (€225m) issue to buy out minority shareholders in its Swiss Life/Rentenanstalt subsidiary.

CSFB is the sole bookrunner and lead manager of the issue and is guaranteeing proceeds of Sfr240m to Swiss Life.

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