Hannover Finance exercises call on all €500 million fixed-to-floaters

By Tali Rackner

Norfolk, Va., April 8 – Hannover Finance (Luxembourg) SA exercised the call option on all of its €500 million 5% undated guaranteed subordinated fixed-to-floating rate callable bonds of 2005, according to a notice.

The bonds will be redeemed at par on June 1.

Hannover Ruck SE, formerly Hannover Ruckversicherung AG, guarantees the bonds on a subordinated basis.

Hannover Finance is a Luxembourg-based finance holding company.

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