Trieste - Generali today launched a subordinated bond with a 10 years bullet format targeting institutional investors for an overall amount of € 500 million. At the initial yield guidance of 4.625%, the issuance attracted around 450 orders for more than € 6.5 billion, more than 13 times the target size. Given the strong demand, the yield guidance on the bond was subsequently reduced to the final 3.875%, the lowest coupon ever paid by the Group on a subordinated security. The bond, whic
Trieste - AM Best announced today that it has upgraded Generali’s Long–Term Issuer Credit Rating (Long–Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent). The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR remains stable. In AM Best view “the ratings reflect Generali’s balance sheet strength” which AM Best categorizes as strong, “as well
Trieste - Assicurazioni Generali SpA announces the closing of the sale of its entire stake in Generali Belgium SA to Athora Holding Ltd. in line with the terms already announced to the market on April 18, 2018. The transaction was part of the Group’s overall strategy to optimize its geographical footprint and to improve its operational efficiency and capital allocation. After the sale of Generali Belgium, Generali will remain present in Belgium continuing to provide its Global Business L
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