Allianz Places EUR1.5 Billion Subordinated Bond With Institutional Investors
March 31 2015 - 3:58AM
Dow Jones News
FRANKFURT--Allianz SE (ALV.XE), Europe's biggest insurer by
market value, said Tuesday it has placed a EUR1.5 billion ($1.63
billion) subordinated bond with institutional investors in
Europe.
The bond, with a 2.241% fixed annual coupon, has a 30-year
maturity but will allow Allianz to call it from 2025 onward. After
2025, bondholders will receive a floating coupon. The bond will be
listed on the Luxembourg Stock Exchange. Settlement is scheduled
for April 9, 2015.
Write to Ulrike Dauer at ulrike.dauer@wsj.com
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