"Climate change is a serious threat that exerts an impact on our business as an international insurance group in many different ways. It impacts on primary insurance and reinsurance, as well as on our investment. The fact that we have now reached a further milestone on our sustainability roadmap with the Green Bond represents an important step for our group," commented Dr. Jan WICKE, Chief Financial Officer of Talanx AG.
The Group optimizes solvency and liquidity with the issuance. Furthermore, the bond takes advantage of the current favorable conditions in the capital market. The Green Bond is an important building block for the ambitious Talanx sustainability strategy. It makes a significant contribution to achieving the objectives of the Group in the capital market. A key undertaking is to achieve a 30% reduction in the CO2 emissions of the liquid portfolio by 2025.
Talanx AG is the issuer for the bond. The bond is rated with "A-" by rating agency S&P Global Ratings and it is listed on the Luxembourg stock exchange. The transaction was arranged by ABN AMRO as Sole Green Bond Structuring Advisor and Joint Lead Manager, Barclays, Deutsche Bank and Natixis as Joint Lead Managers, and BayernLB as Co-Lead Manager.