Generali to offer up to €500 million tier 2 green bonds due 2033

By Marisa Wong

Los Angeles, April 13 – Assicurazioni Generali SpA announced a planned issuance of fixed-rate tier 2 bonds due 2033 under its €15 billion euro medium-term note program. The bonds, the company’s fourth green bond issue, will not exceed €500 million, according to a press release.

Generali also launched a cash buyback offer on Thursday for its €1.5 billion outstanding 4.596% fixed-to-floating perpetual notes (ISIN: XS1140860534) with a first call date on Nov. 21, 2025. The acceptance amount is expected to correspond to the principal amount of new notes.

Holders of the existing notes who participate in the tender offer may receive priority in allocation of the new green notes.

The notes will be listed on the Luxembourg Stock Exchange.

Generali is a Trieste, Italy-based insurance and asset management provider.

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