Italy’s Assicurazioni Generali plans to offer first green bond

Chicago, Sept. 16 – Assicurazioni Generali SpA will offer its first green bond in the form of a tier 2 bullet, according to a company notice.

The notes will have a maturity of 2030.

The notes will be issued under the company’s euro medium-term note program.

Proceeds will be used to fund part of the consideration for the group’s tender offer for up to €1 billion of three series of notes.

Generali is an insurance and asset management provider and is based in Trieste, Italy.

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