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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allianz Ag Muenchen Namen (PK) | USOTC:ALIZF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 290.128 | 284.40 | 289.10 | 0.00 | 13:31:26 |
By Carol Dean
German insurance and financial services group Allianz SE (ALV.XE) is taking investor orders for its triple tranche euro and sterling senior unsecured bond, one of the lead managers on the deal said Tuesday.
The issue is divided between a 30-year sterling tranche which the borrower is looking to price in the area of 135 basis points over Gilts, and two euro tranches comprising a 15-year euro tranche with initial pricing set at 105 basis points area over midswaps, and a EUR500 million five-year bond with initial pricing of 55 to 60 basis points over the reference midswaps rate.
The debt sale is due to price Tuesday with the proceeds to be used for general corporate purposes, the lead manager said.
The German company was last in the international bond market in November when it sold a $1 billion undated subordinated bond to yield 5.5%
Commerzbank AG, Deutsche Bank AG, HSBC Holdings PLC and Societe Generale SA are arranging the deal.
Allianz is rated AA- by Standard and Poor's Corp. and Aa3 by Moody's Investors Service.
Write to Carol Dean at carol.dean@dowjones.com
1 Year Allianz Ag Muenchen Namen (PK) Chart |
1 Month Allianz Ag Muenchen Namen (PK) Chart |
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