Bonds

SCOR's current debt structure

Social Block

SCOR_Climate_2019_Cover_paysage
Body

 

Debt
Original 
amount issued
Current
Amount
Outstanding
(Book Value)
Issue
date
Maturity
Floating / Fixed rate
Coupon  Next call date
Subordinated
debt

 

EUR 250 million EUR 250 million 01/10/2014 Perpetual Fixed
Initial rate at 3.875%
p.a. until October 1
2025, revised every 11 years
at 11-years EUR mid-swap rate 
+ 3.70%
01/10/2025
Subordinated
debt
EUR 250 million EUR 250 million 05/06/2015 32 years
2047
Fixed
Initial rate at 3.25%
p.a. until June 5
2027, revised every 10 years
at 10-years EUR mid-swap rate 
+ 3.20%
05/06/2027
Subordinated
debt
EUR 600 million EUR 600 million 07/12/2015 30.5 years
08/06/2046 
Fixed
Initial rate at 3% 
p.a. until June 8 
2026, revised every 10 years 
at 10Y-mid-swap rate 
+ 3.25%
08/06/2026
Subordinated
debt
EUR 500 million EUR 500 million 27/05/2016 32 years
27/05/2048
Fixed
Initial rate at 3.625% 
p.a. until May 27
2028
revised every 10 years
at 10-year 
EUR mid-swap rate 
+ 3.90%
27/05/2028
Deeply Subordinated debt USD 625 million USD 625 million 13/03/2018 Perpetual Fixed
Initial rate at 5.25% p.a. until March 13 2029
revised every 5 years at the prevailing 5-year U.S. Treasury yield + 2.37% (no step-up)
13/03/2029
Subordinated debt EUR 300 million EUR 300 million 17/09/2020 31 years 2051 Fixed Initial rate at 1.375% p.a. until September 17, 2031, revised every 10 years at 10-year EUR mid-swap rate + 2.60% 17/03/2031
Subordinated
debt
USD 124.8 million USD 124.8 million 17/12/2019 Perpetual Fixed Initial rate at 5.25% p.a. until March 13 2029 revised every 5 years at the prevailing 5-year U.S. Treasury yield + 2.37% (no step-up) 13/03/2029