Allianz Prices $1 Billion 5.5% Perpetual Subordinated Bond
22 November 2012 - 2:26AM
Dow Jones News
By Ben Edwards
German insurance and financial services group Allianz SE
(ALV.XE) Wednesday sold a $1 billion, undated, subordinated bond,
according to one of the banks running the deal.
Deutsche Bank, Citigroup and HSBC were the lead managers of the
sale, which has the following terms:
Amount: $1 billion
Maturity: Perpetual
Coupon: 5.5%
Reoffer Price: 100
Payment Date: Nov. 28, 2012
Yield: 5.5%
Debt Ratings: A2 (Moody's)
A+ (Standard & Poor's)
Denominations: $200,000
Listing: Luxembourg
Interest: Semiannual
Write to Ben Edwards at ben.edwards@dowjones.com