Allianz resolved to call for redemption the USD 1,000,000,000 5.5% Undated Subordinated Notes issued by Allianz SE in 2012 (ISIN: XS0857872500, WKN: A1R0S6, Common Code: 085787250) (the "2012 Notes") and the EUR 800,000,000 5.375% Undated Subordinated Fixed Rate Callable Bonds issued by Allianz Finance II B.V. in 2006 (ISIN: DE000A0GNPZ3, WKN: A0GNPZ, Common Code: 024513742), guaranteed on a subordinated basis by Allianz SE (the "2006 Bonds").
Allianz Finance II B.V. will exercise the call right in respect of its 2006 Bonds by giving notice in accordance with the terms and conditions of the 2006 Bonds which will be published separately. Following the exercise of its call right, and subject to the conditions to redemption provided for in the terms and conditions of the 2006 Bonds, Allianz Finance II B.V. will redeem the 2006 Bonds at par plus accrued interest on 3 March 2021 in accordance with the terms and conditions of the 2006 Bonds.
Allianz SE will exercise the call right in respect of its 2012 Notes by giving notice in accordance with the terms and conditions of the 2012 Notes which will be published separately. Following the exercise of its call right, and subject to the conditions to redemption provided for in the terms and conditions of the 2012 Notes, Allianz SE will redeem the 2012 Notes at par plus accrued interest on 26 March 2021 in accordance with the terms and conditions of the 2012 Notes.