Allianz SE has placed a subordinated bond in an aggregate principal amount of USD 1.0 billion with institutional investors. The bond has a scheduled maturity in September 2053 and is callable at the option of the issuer from March 2033 until the first reset date on September 6, 2033 and thereafter every 5 years. The coupon is fixed at 6.35% per annum for the first 10 years and will reset on September 6, 2033 and every 5 years thereafter. Interest on the notes is scheduled to be paid semi-annually. Coupon payments and redemption are subject to certain conditions and may be deferred. The bond will be listed on the Luxembourg Stock Exchange (Euro MTF). Settlement occurred on September 6, 2023.
Allianz concludes the placement of a subordinated bond
No offer
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