Generali exercises early repayment option on subordinated debt

December 23, 2016, 16:22 pm | di FIRSTonline editorial team | 0

The early repayment will take place on 8 February 2017 – The refinancing of the subordinated debt has already been completed with the subordinated bond issue concluded on 8 June 2016.

The Generali Group announces that Generali Finance BV (issuing company) will exercise the early repayment option on the subordinated perpetual bond (call date 8 February 2017), the details of which are given below:

Description of securities: €1.250.000.000 5,479% Perpetual Fixed/Floating Rate Notes issued by Generali Finance BV and guaranteed by Assicurazioni Generali SpA
ISIN code: XS0283629946
Option exercise date: 8 February 2017
Coupon: 5,479%
Residual principal amount: €869.000.000
Redemption price: 100%
Listing: Luxembourg Stock Exchange

The early repayment will take place on 8 February 2017. The refinancing of the subordinated debt has already been completed with the subordinated bond issue 32NC12, concluded on 8 June 2016, for a total amount of €850 million and addressed to institutional investors.

FIRSTonline editorial team

FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.