News and Insights

Print this page

Search News & Insights

Matheson Advises PartnerRe on its Debut EUR 750 Million Eurobond Offering

AUTHOR(S): Alan Keating
PRACTICE AREA GROUP: Tax, Structured Finance and Securitisation, Listing Services
DATE: 28.09.2016

Matheson advised PartnerRe Ltd. on its debut EUR 750 million Eurobond offering, which closed on 15 September 2016.  The EUR 750 million 1.25% Guaranteed Notes due 15 September 2026 (the “Notes”) were issued by PartnerRe Ireland Finance DAC and are guaranteed by PartnerRe Ltd.  The Notes were listed on the Main Securities Market of the Irish Stock Exchange and Matheson also acted as Irish listing agent.

PartnerRe intends to use the net proceeds of issuance of the Notes for general corporate purposes, including the redemption of certain preferred shares and refinancing of a US $250 million bond at 6.875% due in 2018.

The successful Eurobond offering, which collected orders in excess of EUR 3 billion, represents the first issuance ever of a Bermuda insurer and reinsurer in the Euro-denominated bond market.

The Matheson team advising PartnerRe was led by New York based Alan Keating, a Partner in the firm’s Structured Finance and Derivatives Group.


About cookies on our website

Following a revised EU directive on website cookies, each company based, or doing business, in the EU is required to notify users about the cookies used on their website.

Our site uses cookies to improve your experience of certain areas of the site and to allow the use of specific functionality like social media page sharing. You may delete and block all cookies from this site, but as a result parts of the site may not work as intended.

To find out more about what cookies are, which cookies we use on this website and how to delete and block cookies, please see our Which cookies we use page.

Click on the button below to accept the use of cookies on this website (this will prevent the dialogue box from appearing on future visits)