Talanx places senior benchmark bond with a volume of €500 million (DE)

Talanx AG successfully placed a senior unsecured bond with a volume of €500 million. The bond was issued primarily to international and domestic institutional investors. The book was substantially oversubscribed.
The euro-denominated bond carries a fixed coupon of 2.50% and matures on 23 July 2026. The bond issue allows for sustainably low funding costs. It is envisaged that the cash inflow will be used principally for the reduction of credit lines and it allows a possible early redemption of existing bonds.
The issuer of the bond is Talanx AG. Rated "A-" by the rating agency Standard & Poor's, the bond will be listed on the Luxembourg Stock Exchange. The transaction was arranged by Barclays Bank, Citigroup, HSBC Bank und Natixis.
Source: Talanx

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