The Talanx Group’s capital management activities aim to ensure an optimised, risk-adequate capital structure that maintains the Group’s financial strength. The goals are to optimise capital efficiency at Group companies and to meet the Group’s and Talanx AG’s liquidity and capital requirements.
Talanx does this by optimising its capital structure using a mix of equity instruments, equity substitutes and other financing instruments. It is Talanx’s clear ambition at a minimum to meet the requirements for a “AA” rating under Standard & Poor’s capital model.
The following senior bonds issued by companies belonging to the Talanx Group are currently outstanding:
| Issuer WKN (German securities Identification Number) | Issued volume | Outstanding volume | Coupon | Date of issue/maturity |
| EUR million | EUR million | % | ||
TLX210 | 500 | 500 | 2.50 | 2014/2026 |
TLX240 | 750 | 750 | 2.50 | 2024/2026 |
TLX220 | 500 | 500 | 4.00 | 2022/2029 |
TLX230 | 750 | 750 | 4.00 | 2022/2029 |
| Hannover Rück SE A2LQ42 | 750 | 750 | 1.13 | 2018/2028 |
In addition, the following subordinated liabilities issued by companies belonging to the Talanx Group are currently outstanding:
| Issuer WKN (German Securities Identification Number) | Issued volume | Outstanding volume | Coupon | Date of issue/maturity |
| EUR million | EUR million | % | ||
(First drawdown unter the EMTN programme) | 750 | 750 | 2.25 | 2017/2047 |
(Second drawdown under the EMTN programme) | 500 | 500 | 1.75 | 2021/2042 |
| Hannover Rück SE A30VQR | 750 | 750 | 5.875 | 2022/2043 |
| Hannover Rück SE A3H25E | 750 | 750 | 1.375 | 2021/2042 |
| Hannover Rück SE A289T5 | 500 | 500 | 1.75 | 2020/2040 |
| Hannover Rück SE A2YPFG | 750 | 750 | 1.125 | 2019/2039 |
Bond chart
Green Bond Framework
Find out more about Talanx’s Green Bond Framework here.
EMTN programme
- Volume: EUR 5 billion
- Arranger: Natwest Markets N.V.
- Paying agent: Deutsche Bank AG
Hannover Re Bonds
Further information about Hannover Re’s bonds and ratings is provided on the company’s website.