Allianz takes insurance boom into senior

06 Mar 2013

Allianz priced three tranches of senior unsecured paper on Tuesday at time when insurers are queuing up to print subordinated debt. The German insurer bucked a trend of core names paying chunky new issue premiums with its five year euro tranche coming 2bp inside the interpolated curve.

The borrower printed a €500m no-grow five year, a €750m 15 year, and an inaugural £750m 30 year through bookrunners Commerzbank, Deutsche Bank, HSBC and Société Générale.

The five year saw the most demand with a €2.25bn book gathered from 180 accounts. Fair value for the trade was ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data