Swiss Life raises €753m

Swiss Life has successfully completed its Sfr1.15bn (€753m) capital increase after placing almost all of the shares in its rights issue and pricing a convertible bond. It is the fourth time the group has tapped the capital markets in 18 months.

Goldman Sachs and UBS led the Sfr834m three-for-one share offer and convertible bond issue worth Sfr317m.

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