Allianz Eurobond meets strong demand

The senior bond has a maturity of ten years and a fixed coupon of 4.0 percent. The issue, guaranteed by Allianz SE, was placed through the Dutch financing subsidiary Allianz Finance II B.V. and sold to institutional Euro-investors. The bond is rated “Aa3” by Moody’s and is expected to be rated “AA-“ by Standard & Poor’s. The reoffer yield amounts to 4.13 percent.

“We have taken advantage of the currently favourable level of interest rates and the high liquidity in the market to further improve our capital efficiency”, explained Stephan Theissing, Head of Corporate Finance at Allianz SE.

Bookrunners are Dresdner Kleinwort and Lehman Brothers. A listing on the Luxembourg Stock Exchange is anticipated.

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