NOT FOR DISTRIBUTION TO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR IN OR ANY PERSON RESIDENT OR LOCATED IN ANY OTHER JURISDICTION WHERE IT IS ILLEGAL TO DISCLOSE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe purchases subordinated bonds issued in 2013 with a total face value of 213.4 million euros back
VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) (the “business“) announces today the results of the offer to eligible holders of the EUR 500,000,000 5.5% 2043 non-call 2023 Notes (ISIN: AT0000A12GN0) (the “obligations“), all the Notes will be offered for purchase by the Company in cash issued on June 6, 2022, subject to the fulfillment of the Redemption Condition (the “offer” or the “repurchase“), known.
The results of the buyback are as follows:
- The refinancing condition was met on June 15, 2022
- Total amount of the principal of the Bonds validly offered: EUR 213,400,000
- Total amount of the principal of the Bonds accepted for purchase: EUR 213,400,000
- purchase price of 103.293%; plus accrued interest of 3.782%
- 2023 Interpolated Mid-Swap Rate of 1.393%
- Purchase yield of 2.893%
- Total principal amount outstanding after completion of the Offer: EUR 286,600,000
- Estimated settlement date: June 17, 2022
This announcement is for informational purposes only and should be read in conjunction with the Company’s Tender Offer Memorandum dated June 6, 2022 (the “Takeover bid memorandum“). It does not constitute an offer to sell, an offer or solicitation to purchase or subscribe for any security, nor is it financial analysis or advice or a recommendation in relation to financial instruments.
This announcement and the documents referred to in it may not be distributed, directly or indirectly, in or to the United States of America. The offer to which this material refers is not sent directly or indirectly to or from the United States using the United States mail or any means of interstate or foreign commerce (including electronic mail, facsimile, telephone, and the Internet). or an entity of a US national stock exchange. The Offer may not be accepted through such means or facilities or from the United States of America.
This announcement and the Tender Offer Memorandum do not constitute an offer to buy or solicitation of any security in Italy (except as provided in the Tender Offer Memorandum), Belgium (except as provided in the Tender Offer Memorandum of Acquisition), Republic of France (except as provided in the Tender Offer Memorandum) or any other jurisdiction in which such offer or solicitation would be illegal. The Tender Offer Memorandum and the Offer may be sent to persons in the United Kingdom only if Section 21(1) of the Financial Services and Markets Act 2000 does not apply.
VIENNA INSURANCE GROUP
1010 Vienna, Schottenring 30
|Nina Higatzberger-Schwarz||Phone: +43 (0)50 390-21920||Email: [email protected]|
|Sylvia Macherndl||Phone: +43 (0)50 390-21151||Email: [email protected]|
|Sarah Salchegger||Telephone: +43 (0)50 390-20071||Email: [email protected]|