Generali repurchases subordinated securities and issues “green” bonds

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generali_11General makes it known the offer to repurchase three subordinated bonds with first early redemption date (call) in 2022 and the issue of “green bonds”.

The company’s objective is to repurchase a total nominal value equal to the amount of the issue of the new “green” Tier2 subordinated securities. This will be the second “green” issue issued by Generali for a maximum aggregate nominal amount of € 600 million. The offer will end on July 6, 2020 and the terms and conditions can be found in the “Tender Offer Memorandum” available today. The new “green” Tier2 securities will be denominated in euro, will have a fixed coupon rate and a maturity in 2031.

The operation aims to reduce the interest expense generated by the corporate debt.

This document has been prepared for informational purposes only, can be modified at any time and can NOT be considered a solicitation to public savings. The website does not guarantee correctness and assumes no responsibility for the use of the information contained therein.



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