on UNIQA Insurance Group AG (isin : AT0000821103)
UNIQA Insurance Group AG Successfully Issues New Tier 2 Notes
On 5 May 2026, UNIQA Insurance Group AG announced the successful placement of new EUR 500 million fixed to floating rate subordinated (Tier 2) notes. These notes have a scheduled maturity in 2046, with an initial interest rate of 4.5% per annum for the first decade. After this period, the interest shifts to a floating rate based on the 3-month EURIBOR plus a margin.
The New Notes were priced at 99.369% of their principal amount and were offered to institutional investors in Austria and internationally. Subject to regulatory approval, they are expected to commence trading on the Vienna Stock Exchange on 13 May 2026.
The proceeds will be used for general corporate purposes, including refinancing existing Tier 2 instruments. The final results of the associated tender offer will be announced on or around 13 May 2026, with settlement expected by 15 May 2026.
R. E.
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