23.07.2013 |
The information in this release is not intended for publication in or tansmission to or within the United States of America, Australia, Canada or Japan.
The UNIQA Insurance Group AG (former UNIQA Versicherungen AG) (UNIQA) has successfully placed a supplementary capital bond with a volume of €350 million with institutional investors in Europe. The bond has a term of 30 years and can be called in 10 years at the earliest. The coupon is 6.875 percent p.a.
The proceeds of this supplementary capital bond serve to replace supplementary capital bonds from Austrian UNIQA Group companies that have been withdrawn or are to be withdrawn. Thus UNIQA strengthens and optimizes its capital resources and capital structure in preparation for Solvency II.
The offering was oversubscribed 2.9 times. A listing on the Luxembourg Stock Exchange is planned. The issue date is scheduled for 31st July 2013. The issue price has been set at 100 percent.
Preparations for re-IPO unaffected
This bond issue will not affect the preparations for the planned Re-IPO. Depending on market conditions, UNIQA is planning a capital increase via the stock market (Re-IPO) that could increase its free float to 49 percent.
Reservations concerning statements about the future
This message contains statements that refer to future developments in the UNIQA Group. These statements are appraisals that are made based on all information available to us at the current point in time. If the assumptions on which they are based do not occur, the actual events may vary from the results currently expected. For this reason, we cannot accept liability for these statements.
Vienna, 23. July 2013