Uniqa Insurance gives redemption details for subordinated notes

By Mary-Katherine Stinson

Lexington, Ky., June 21 – Uniqa Insurance Group AG updated details of the early redemption of its €148.7 million outstanding subordinated fixed-to-floating-rate bonds issued on July 31, 2013 (ISIN: XS0808635436), according to a notice.

The total redemption amount including interest totals €158,923,125. There is no outstanding deferred interest and no pro-rata net loss needed to be deducted from the redemption amount.

The bonds will be redeemed on July 31 at par plus interest, as previously reported.

The original size of the issue was €350 million.

The redeemed bonds will be canceled and delisted. The last day of trading of the notes will be July 26 on the Vienna Stock Exchange and July 27 on the Luxembourg Stock Exchange.

The insurance group is based in Vienna.

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