Uniqa Places € 350m Capital Bond

Politics ♦ Published: July 24, 2013; 16:39 ♦ (Vindobona)

UNIQA successfully places €350 million supplementary capital bond.

Uniqa Places € 350m Capital Bond / Picture: © UNIQA Group

The UNIQA Insurance Group AG (former UNIQA Versicherungen AG) (UNIQA) has successfully placed a supplementary capital bond with a volume of €350 million with institutional investors in Europe. The bond has a term of 30 years and can be called in 10 years at the earliest. The coupon is 6.875 percent p.a.

The proceeds of this supplementary capital bond serve to replace…