Generali: early redemption of perpetual notes (ISIN XS0415966786; XS0416148202)

23 January 2019 - 18:36

Trieste – Assicurazioni Generali S.p.A. (the Issuer) will exercise the early redemption option to redeem, on 4th and 6th March 2019 respectively, all outstanding perpetual notes of the two series whose details are set out below (together, the Notes):

  • Description of the Notes: EUR 350,000,000 7.236% Perpetual Fixed/Floating Rate Notes issued on 4th March 2009 by Assicurazioni Generali S.p.A.;
  • ISIN: XS0415966786;
  • Early Redemption Date: 4th March 2019;
  • Coupon: 7.236%;
  • Redemption price: 100%;

     
  • Description of the Notes: EUR 350,000,000 8.5% Perpetual Fixed/Floating Rate Notes issued on 6th March 2009 by Assicurazioni Generali S.p.A.;
  • ISIN: XS0416148202;
  • Early Redemption Date: 6th March 2019;
  • Coupon: 8.5%;
  • Redemption price: 100%;


The early redemption of all outstanding Notes – which will take place in accordance with the relevant terms and conditions - has been approved by Istituto per la Vigilanza sulle Assicurazioni (IVASS) which has approved also the early redemption in 2019 of a further series of perpetual notes for an amount of EUR 50 million.