Allianz concludes placement and partial buyback of subordinated bonds

Allianz SE has placed a subordinated bond in an aggregate principal amount of 1.25 billion euros with institutional investors in Europe. The bond has a scheduled maturity in July 2053 and is callable at the option of the issuer from January 2033 on. The coupon is fixed at 5.824% per annum until July 2033. Thereafter, bondholders will receive a floating rate coupon. Coupon payments and redemption are subject to certain conditions and may be deferred. The bond is listed on the Luxembourg Stock Exchange. Settlement occurred on June 5, 2023.

Allianz SE bought back an aggregate principal amount of 587.5 million euros of its 1.5 billion euros 4.75% subordinated bond via a tender offer. 912.5 million euros remain outstanding. The bond has no scheduled maturity and has ordinary call rights of the issuer from October 2023 on.

No offer

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