Allianz concludes placement and partial buyback of subordinated bonds

Allianz SE has placed a subordinated bond in an aggregate principal amount of 1.0 billion euros with institutional investors in Europe. The bond has a scheduled maturity in July 2054 and is callable at the option of the issuer from January 2034. The coupon is fixed at 4.851% per annum until July 2034. 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 January 10, 2024.

Allianz SE bought back an aggregate principal amount of 874.3 million euros of its 1.5 billion euros 3.375% subordinated bond via a tender offer. 625.7 million euros remain outstanding. This bond has no scheduled maturity and has ordinary call rights of the issuer from September 2024.

No offer

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