Generali announces early redemption of its EUR 1,500,000,000 4.596 per cent. Fixed-Floating Rate Perpetual Notes
28 October 2025 - 17:52
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO OR TO ANY PERSON LOCATED AND RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
Trieste – Assicurazioni Generali S.p.A. (the “Issuer”) hereby announces that it has elected to exercise the option to redeem, on the interest payment date falling on 21 November 2025 (the “Optional Redemption Date”), all outstanding subordinated notes the details of which are set out below (the “Notes”):
Description of the Notes: EUR 1,500,000,000 4.596 per cent Fixed-Floating Rate Perpetual Notes issued on 21 November 2014 by Generali Finance B.V. (which merged with and was incorporated into the Issuer)
ISIN Code: XS1140860534
Coupon: 4.596% per annum up to (and excluding) 21 November 2025, subject to the terms and conditions of the Notes
First call date: 21 November 2025
Current outstanding principal amount of the Notes: € 500,443,000
Early Redemption price: 100%
Listing: Luxembourg Stock Exchange
The outstanding Notes will be redeemed in full on the Optional Redemption Date at their principal amount together with interest accrued up to (but excluding) the Optional Redemption Date, subject to the terms and conditions of the Notes.
The early redemption of the Notes has been approved by Istituto per la Vigilanza sulle Assicurazioni (IVASS).Notice of the early redemption has been given to the holders of the Notes.