Generali SpA

Welcome to the Generali Group
Please select your country

Our locations
                           

Generali: early redemption option exercised on perpetual subordinated bonds

Trieste – Generali Group informs that Generali Finance B.V. (Issuer) will exercise the early redemption option (call date 16 June 2016) in respect of the following two series of perpetual subordinated notes, the details of which are set out below:

  • Description of the Notes: €1,275,000,000 5.317 per cent. Perpetual Fixed/Floating Rate Notes issued by Generali Finance B.V. and guaranteed by Assicurazioni Generali S.p.A.
    ISIN: XS0256975458
    First Call Date: 16 June 2016; Coupon: 5.317%
    Current outstanding principal amount: €751,900,000
    Redemption price: 100%
    Listing: Luxembourg Stock Exchange
  • Description of the Notes: £700,000,000 6.214 per cent. Perpetual Fixed/Floating Rate Notes issued by Generali Finance B.V. and guaranteed by Assicurazioni Generali S.p.A.
    ISIN: XS0256975888
    First Call Date: 16 June 2016; Coupon: 6.214%
    Current outstanding principal amount: £345,000,000
    Redemption price: 100%
    Listing: Luxembourg Stock Exchange


Early redemption will take place on 16th June 2016 and these debts have already been refinanced through the subordinated bond in the format 32NC12, launched on the 20th October 2015 by Assicurazioni Generali, targeting institutional investors for an overall amount of € 1.25 billion.

Download

Generali: early redemption option exercised on perpetual subordinated bonds 38 kb