Talanx AG has secured a financing package totalling EUR 1.0 billion. It consists of a senior unsecured bond with a volume of EUR 500 million, which was placed with a broad range of institutional investors in Germany and abroad. In parallel, HDI V.a.G., the majority shareholder of Talanx AG, subscribed to a bond with identical terms and conditions in a private placement with a volume of EUR 500 million.
The two euro-denominated bonds carry a fixed coupon of 3.75% and mature on 9 April 2033. The proceeds are to be used primarily to repay existing financing, which matures on 23 July 2026 and amounts to EUR 1.25 billion.
The issuer of the bond is Talanx AG. The aforementioned bond, which has been assigned an ‘AA-’ rating by the rating agency Standard & Poor’s, will be listed on the Luxembourg Stock Exchange. The transaction was arranged by Barclays, Deutsche Bank, ING, Natixis and BNP.
