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VIG to Issue Subordinated Bond

Published: October 2, 2013; 11:44 · (Vindobona)

Vienna Insurance Group successfully launched a subordinated bond.

VIG to Issue Subordinated Bond / Picture: © Vienna Insurance Group

• Issue size: EUR 500 million

• Maturity: 30 years

• Coupon: 5.5 percent p.a. fix for 10 years and floating thereafter

Vienna Insurance Group has successfully launched a subordinated bond with a volume of EUR 500 million with institutional investors in Europe. The order book exceeded EUR 2.5 billion and therefore the offer was more than four times…

This article includes a total of 246 words.

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