Talanx secures EUR 1.25 billion financing package

Cash inflows will mainly be used to redeem existing bonds

Talanx AG today issued two bonds with identical conditions and a total volume of EUR 1.25 billion. It consists of a senior unsecured bond with a volume of EUR 500 million, which is rated "A+" by Standard & Poor's rating agency. It was widely placed among institutional investors in Germany and abroad.

At the same time, HDI V.a.G. – Talanx AG’s majority shareholder – subscribed for a EUR 750 million bond with identical terms and conditions that was issued in a private placement. The two bonds, which are denominated in euros, have a fixed coupon of 4.0% and a maturity date of 25 October 2029. The cash inflows will mainly be used to redeem existing finance, such as the EUR 750 million bond set to mature on 13 February 2023.

The bond has been issued by Talanx AG. It is listed on the Luxembourg Stock Exchange. Deutsche Bank, HSBC, JP Morgan and NatWest advised on the transaction.

Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.