Generali: early redemption option exercised on perpetual subordinated bonds

23 December 2016 - 15:52

Trieste – Generali Group informs that Generali Finance B.V. (Issuer) will exercise the early redemption option (call date 8th February 2017) in respect of the following perpetual subordinated note, the details of which are set out below:

Description of the Notes: € 1,250,000,000 5.479% Perpetual Fixed/Floating Rate Notes issued by Generali Finance B.V. and guaranteed by Assicurazioni Generali S.p.A.
ISIN: XS0283629946
First Call Date: 8 February 2017
Coupon: 5.479%
Current outstanding principal amount: €869,000,000
Redemption price: 100%
Listing: Luxembourg Stock Exchange

Early redemption will take place on 8th February 2017 and this debt has already been refinanced through the subordinated bond in the format 32NC12, issued on the 8th June 2016, targeting institutional investors for an overall amount of € 850 million.