L'ennesimo T2 emesso da un assicurativo, Vienna Insurance:
Vienna Insurance Group Places EUR 400 Million Bond Issue
Published: 2 hours ago; 18:00
Vienna Insurance Group AG Wiener Versicherung Gruppe placed a subordinated bond with a volume of EUR 400 million with institutional investors.
The subscription period for retail investors starts 24 February 2015 and will presumably end on 26 February 2015.
The subordinated bond has a maturity of 31 years and will have a first regular call date in year 11.
• Coupon: 3.75 percent p.a. for 11 years and floating thereafter
• Maturity: 31 years
The coupon pays 3.75 percent p.a. for the first 11 years and thereafter a floating interest rate.
The subordinated bond is accountable as Tier 2 under Solvency II.
Settlement and trading of the subordinated bond on the Luxembourg Stock Exchange (ISIN AT0000A1D5E1) is expected to commence on 2 March 2015.