Uniqa €500 million Tier 2 bond issue

27/7/2015
Investment grade bond/note issue

€ 500 million

$ 552.75 million

Announced

27/7/2015


Overview:

  • Austrian insurer Uniqa issued a €500 million Tier 2 bond.
  • The notes have an interest rate of 6% for 11 years after which the notes revert to variable and Uniqa may, under certain conditions redeem the bonds. 
  • The notes are listed on on the Second Regulated Market of the Vienna Stock Exchange and mature in 2046. 
  • BNP Paribas, JP Morgan Securities, Morgan Stanley & Co. International, Raiffeisen Bank International were joint lead managers on the issue. 

 Ben Naylor - Regional Editor

Jurisdictions:

Germany
Austria

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

Austria
Germany

Industry sector:

Insurance


Firms:

Party: BNP Paribas (Joint lead manager)

Party: JP Morgan Securities (Joint lead manager)

Party: Morgan Stanley & Co International (Joint lead manager)

Party: Raiffeisen Bank International (Joint lead manager, Listing agent)

Party: BNP Paribas Securities Services (Principal paying agent)


Party: BNP Paribas (Joint lead manager)

Party: JP Morgan Securities (Joint lead manager)

Party: Morgan Stanley & Co International (Joint lead manager)

Party: Raiffeisen Bank International (Joint lead manager, Listing agent)

Party: BNP Paribas Securities Services (Principal paying agent)


Party: UNIQA Insurance Group (Issuer)

Lawyer: Alexander Haas