Generali exercises the early redemption option in respect of subordinated notes

30 May 2022 - 18:16

Trieste - Assicurazioni Generali S.p.A. will exercise the early redemption option (call date 10th July 2022) in respect of all outstanding subordinated notes due July 2042, the details of which are set out below (the “Notes”):

Description of the Notes: € 750,000,000 10.125 per cent. Fixed/Floating Rate Notes duly July 2042 issued by Assicurazioni Generali S.p.A.

ISIN Code: XS0802638642

First Call Date: 10th July 2022

Coupon: 10.125% (to and excluding 10th July 2022)

Current outstanding principal amount of the Notes: € 301,600,000

Early Redemption price: 100%

Listing: Luxembourg Stock Exchange


The early redemption of the Notes has been approved by Istituto per la Vigilanza sulle Assicurazioni (IVASS) and will take place on 10th July 2022 with the respect to all Notes currently outstanding, in accordance with the relevant terms and conditions.