Talanx issues two bonds with total volume of €1.25bn

Written by Adam Cadle

18/10/2022

Talanx AG has issued two bonds with identical terms and conditions with a total volume of €1.25bn.

The issuance consists of a senior, unsecured bond with a volume of €500m, which is rated 'A+' by the rating agency Standard & Poor's. It was widely placed with institutional investors from Germany and abroad.

At the same time, HDI VaG, the majority shareholder of Talanx AG, subscribed to a bond with a volume of €750m in a private placement with identical conditions. The two bonds have a fixed coupon of 4% and mature on 25 October 2029. The cash inflow is to be used primarily to replace existing financing, for example a bond with a volume of €750m that expires on 13 February 2023.

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