By Sarka Halas
German insurance and financial services group Allianz SE
(ALV.XE) has priced its triple-tranche euro and sterling senior
unsecured bond, one of the lead managers on the deal said
Tuesday.
Commerzbank AG, Deutsche Bank AG, HSBC Holdings PLC and Societe
Generale SA were arranging the deal.
The terms of the transaction are as follows:
Amount: GBP750 million
Maturity: March 13, 2043
Coupon: 4.5%
Reoffer Price: 98.672
Payment Date: March 13, 2013
Spread: 125 basis points over gilts
Debt Ratings: Aa3 (Moody's)
AA- (Standard & Poor's)
Denominations: GBP100,000
Listing: Luxembourg
Amount: EUR750 million
Maturity: March 13, 2028
Coupon: 3.00%
Reoffer Price: 97.949
Payment Date: March 13, 2013
Spread: 98 basis points over midswaps
Denominations: EUR100,000
Listing: Luxembourg
Amount: EUR500 million
Maturity: March 13, 2018
Coupon: 1.375
Reoffer Price: 99.89
Payment Date: March 13, 2013
Spread: 48 basis points over midswaps
Denominations: EUR100,000
Listing: Luxembourg
Write to Sarka Halas at sarka.halasova@dowjones.com