Generali: Genertel exercises early redemption option in respect of subordinated note
13 November 2023 - 15:32
COMMUNICATION TO THE PUBLIC OF REGULATED INFORMATION PURSUANT TO DIRECTIVE 2004/109/EC, AS AMENDED
Trieste – Assicurazioni Generali S.p.A. informs that Genertel S.p.A. has exercised its option to redeem in full the € 100,000,000 Fixed/Floating Rate Subordinated Notes due December 2043 callable December 2023 (ISIN Code: XS1003587356) (the “Notes”) prior to their maturity date.
Details of the early redemption of the Notes are set out below:
Current outstanding principal amount of the Notes: €100,000,000;
Early redemption date: 17 December 2023;
Early redemption amount: 100% of the principal amount of each Note;
Coupon payable on early redemption date: 7.25%, from (and including) 17 December 2022 to (but excluding) 17 December 2023.
The early redemption of the Notes was approved by Istituto per la Vigilanza sulle Assicurazioni (IVASS) on 18 October 2023.
A copy of the notice pursuant to Condition 5.1 (Redemption and Purchase ‐ General provisions), sent to the holders of the Notes on the date hereof by delivery to Euroclear and Clearstream, Luxembourg, is attached hereto.
Unless stated otherwise, capitalised terms have the meanings given to them in the terms and conditions relating to the Notes (the “Conditions” and any reference to a numbered “Condition” is to the correspondingly numbered provision thereof), as set out in the Prospectus dated 16 December 2013.