Allianz SE has placed an undated subordinated bond in Switzerland with a volume of 500 million CHF. The bond will provide for ordinary call rights of Allianz beginning in July 2019. The coupon of 3.25 percent per annum is fixed until July 2019. Thereafter the coupon will be reset every five years based on the then-prevailing 5-year-swap rate plus a margin of 2.573 percent p.a. Coupon payments will be subject to certain conditions and can be deferred.
Listing on the SIX Swiss Exchange in Zurich is intended. The settlement is expected to occur on February 4, 2014.
This announcement and the information it contains are not being issued and may not be distributed in the United States of America. This announcement does not constitute an offer of securities for sale in the United States of America or to, or for the account or benefit of, any U.S. person or in any other jurisdiction nor does it constitute a prospectus within the meaning of articles 652a or 1156 of the Swiss Code of Obligations or a listing prospectus pursuant to the listing rules of the SIX Swiss Exchange. The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 (as amended), and may not be offered or sold in the United States of America or any other jurisdiction absent registration or an applicable exemption from registration.
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