The subordinated bond will have no scheduled maturity, but will provide for ordinary call rights of Allianz after 10 years. The coupon of 4.75 percent per annum is fixed until 2023. Thereafter bond holders will receive a floating coupon. Coupon payments will be subject to certain conditions and may be deferred.
Listing on the Luxembourg Stock Exchange is intended. The settlement is expected to occur on October 24, 2013.