Brief: UNIQA Insurance Group Launches Tender Offer For Repurchase Of Subordinated Bonds

UNIQA Insurance AG

25/11/2021 09:45

Nov 25 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * LAUNCHES TENDER OFFER FOR REPURCHASE OF SUBORDINATED (TIER
2)
BONDS ISSUED IN 2013 AND 2015 AND INTENDS TO ISSUE A NEW
SUBORDINATED (TIER 2) BOND IN SAME PRINCIPAL AMOUNT
    * REPURCHASE WILL BE CONDITIONAL UPON SUCCESSFUL PLACEMENT
OF
NEWLY ISSUEDSUBORDINATED (TIER 2) FIXED TO FLOATING RATE NOTES
WITH A MINIMUM DENOMINATIONOF EUR 100,000 ( "NEW NOTES") IN SAME
PRINCIPAL AMOUNT AS NOTESREPURCHASED
    * CURRENT GUIDANCE FOR FINANCIAL YEAR 2021 REMAINS
UNCHANGED.
    * INVESTORS MAY TENDER 2023 AND/OR 2026 NOTES STARTING
TODAY, 25
NOVEMBER 2021, UNTIL EXPIRATION ON 1 DECEMBER 2021
    * J.P. MORGAN AG AND RAIFFEISEN BANK INTERNATIONAL AG HAVE
BEEN
MANDATED AS JOINTBOOKRUNNERS FOR NEW NOTES

Source text for Eikon:  ID:nAPA2RN3Dn 
Further company coverage:  UNIQ.VI 

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