OREANDA-NEWS. Talanx AG successfully placed a hybrid bond with a volume of EUR 750 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 2.25 percent and first call date is on 5 December 2027. The bond issue shall support Talanx in capturing growth opportunities in the hardening market environment. Besides, the bond issue allows for sustainably low funding costs.

The issuer of the bond is Talanx AG. Rated “BBB“ by the rating agency Standard & Poor's, the bond will be listed on the Luxembourg Stock Exchange. The transaction was arranged by Commerzbank, J.P. Morgan, Natixis and NatWest Markets.