(Finance) – General Insurance one announced buyback offer for three series of subordinated notes having a first call date or maturity in 2025/2026 and its intention to issue new fixed rate Tier 2 subordinated notes due 2035 pursuant to its “€15,000,000,000 Euro Medium Term Note Programme“.
The principal amount of the new Tier 2 subordinated bonds – which will be issued in “green” – will not exceed 500 million euros. “The Offer is in line with Generali’s proactive management of maturing debt and aims to optimize its regulatory capital structure,” the company underlined in a statement.