By Stephanie N. Rotondo
Phoenix, Nov. 26 - Allianz SE, the Munich, Germany-based insurance company, sold $1 billion of 5.5% subordinated perpetual bonds to international investors, the company said in a press release.
The deal was officially announced on Thursday.
Ordinary call rights begin in 2018.
The securities will list on the Luxembourg Stock Exchange.
| Issuer: | Allianz SE
|
| Securities: | Subordinated bonds
|
| Amount: | $1 billion
|
| Maturity: | Perpetual
|
| Interest rate: | 5.5%
|
| Call options: | Callable in 2018
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
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