Bonds
SCOR's current debt structure
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 |
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