If the market environment permits, UNIQA issues a bond for both more cautious and more dynamic bond investors. For those who are cautious, the non-subordinated bond with a target issue volume of EUR 600 million gross would be. This so-called “senior” would have a term of 10 years. The second bond for Dynamic would be designed as a subordinated bond (Tier2 bond) with an issue volume of EUR 200 million. Advantage: higher interest rates; Disadvantage: Lower rank in the event of bankruptcy and liquidation. The creditors of the non-subordinated papers would have priority. The subordinated bond should have a term of 15.25 years with the first possibility of termination after 5.25 years. The minimum denomination of both papers is EUR 100,000. The interest rates are only fixed at the end of the placement. The closing is expected for Thursday. Applications are to be made for the bonds to be admitted to official trading on the Vienna Stock Exchange. The net proceeds from the issue of the senior bond are intended to partially finance the purchase price for the acquisition of subsidiaries of the AXA Group in Poland, the Czech Republic and Slovakia. The net proceeds from the Tier 2 bond, however, flow into suitable investments in accordance with the UNIQA Green Bond Framework.
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