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Vienna Insurance Group successfully places Subordinated Tier 2 Notes

THIS ANNOUNCEMENT MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR TO OR FOR THE BENEFIT OF U.S. PERSONS OR INTO ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

Vienna Insurance Group AG Wiener Versicherung Gruppe ("VIG") today successfully placed Subordinated Fixed to Floating Rate Tier 2 Notes with scheduled maturity in 2042 in an aggregate principal amount of EUR 500 million (the "Notes") with institutional investors in Austria and abroad. The Notes were issued under VIG's Tier 2 Notes Issuance Programme.

The Notes may be redeemed early by VIG after nine and a half years, subject to the conditions and exceptions set out in the terms and conditions of the Notes. Initially, the Notes will bear interest at a fixed rate of 4.875 per cent per annum. Unless previously called and redeemed, the Notes will bear interest at a floating rate of interest from and including 15 June 2032. The issue price was set at 98.935 per cent of the principal amount.

Admission of the New Notes to the official list (Amtlicher Handel) on the Vienna Stock Exchange (Wiener Börse) was applied for. Trading is expected to commence on 15 June 2022.

 

Legal notice/disclaimer:

This communication is for information purposes only and does not constitute an offer to sell or an offer or solicitation to buy or subscribe to securities, nor does it constitute financial analysis or advice or a recommendation relating to financial instruments.

The Notes are not being, and will not be, offered or sold in the United States. Nothing in this announcement constitutes an offer to sell or the solicitation of an offer to buy the Notes in the United States or any other jurisdiction. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the United States Securities Act of 1933, as amended (the "Securities Act"). The Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act).

This communication does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the European Prospectus Regulation (EU) 2017/1129 (the "Prospectus Regulation").

This communication is being distributed to and is directed only at persons in the United Kingdom (the "UK") having professional experience in matters relating to investments, falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order"), and persons falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). In the UK, this communication must not be acted on or relied on by persons who are not relevant persons. In the UK, any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with such persons.

Manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No European Economic Area ("EEA") or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.

A base prospectus for the Tier 2 Notes Issuance Programme was exclusively prepared for the purpose of admitting the Notes to trading on the Official Market of the Vienna Stock Exchange. The base prospectus is available for download free of charge in electronic form from the Company's website at https://www.vig.com/en/investor-relations/bonds/bond-programmes.html.