Talanx AG, one of Europe’s major insurance and financial services groups, has secured a total of EUR 1.0 billion in new financing through a dual bond issuance, strengthening its capital structure and refinancing upcoming debt obligations.
The company said it placed a EUR 500 million senior unsecured bond with a broad range of institutional investors in Germany and international markets.
At the same time, its majority shareholder, HDI V.a.G., subscribed to a further EUR 500 million bond under identical terms via a private placement.
According to Talanx AG, both euro-denominated bonds carry a fixed coupon of 3.75% and are set to mature on 9 April 2033. The proceeds will primarily be used to refinance existing debt maturing on 23 July 2026, which totals EUR 1.25 billion.
Talanx AG added that the bond has been assigned an ‘AA-’ rating by Standard & Poor’s and will be listed on the Luxembourg Stock Exchange.
The transaction was arranged by Barclays, Deutsche Bank, ING, Natixis and BNP Paribas.
