VIG plans bond issue and buyback of existing securities

13 February 2015 —
Provided the market terms are beneficial, listed insurance company Vienna Insurance Group (VIG) intends to issue subordinated bonds, under a EUR 400 million (USD 452.89 million) subordinates notes program, the company announced on Wednesday. At the same time the company is going to carry out the buyback of already issued securities.

The period for submitting buyback offers shall most likely be from 12 until 26 February.

The buyback offer has been addressed to holders of: supplementary capital bonds worth EUR 108 million issued in 2005, maturing in 2022, and of hybrid bonds worth EUR 500 million and issued in 2008 and 2009.

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VIG plans bond issue and buyback of existing securities
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