Successful bond launch: Vienna Insurance Group issues EUR 400 million
- Coupon: 3.75 percent p.a. for 11 years and floating thereafter
- Maturity: 31 years
Vienna Insurance Group AG Wiener Versicherung Gruppe successfully placed a subordinated bond with a volume of EUR 400 million with institutional investors.Retail investors may also invest into this subordinated bond issue of VIG via their custodians.
The subscription period for retail investors starts 24 February 2015 and will presumably end on 26 February 2015 (subject to early termination).
The subordinated bond has a maturity of 31 years and will have a first regular call date in year 11. The coupon pays 3.75 percent p.a. for the first 11 years and thereafter a floating interest rate. The subordinated bond is accountable as Tier 2 under Solvency II. Settlement and trading of the subordinated bond on the Luxembourg Stock Exchange (ISIN AT0000A1D5E1) is expected to commence on 2 March 2015.
Distribution RestrictionsThis information does neither constitute an offer buy nor the solicitation of an offer to sell securities of VIG in any jurisdiction in which such offer or solicitation would be unlawful, in particular the United States of America, Canada, Japan, Australia and the United Kingdom.
The distribution of this announcement may be restricted in certain jurisdictions by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.
The offer of the subordinated notes (the "Offer") is being made exclusively by means of and on the basis of the base prospectus which was approved by the Financial Market Authority (FMA) on 4 February 2015 together with the relevant final terms and any supplements (if any) (together the "Prospectus"). The Prospectus is available in electronic form on the website of the Issuer (http://www.vig.com/Subordinated-Notes-Programme-2015). In connection with the Offer only the Prospectus is legally binding.