The subordinated bond has a scheduled maturity of 30 years, but will provide for ordinary call rights of Allianz starting in 2025. The coupon of 2.241 percent per annum is fixed until 2025. Thereafter bond holders will receive a floating coupon. Coupon payments as well as the redemption 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 April 9, 2015.
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. 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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