Talanx places senior benchmark bond with a volume of EUR 500 million

Talanx places senior benchmark bond with a volume of EUR 500 million

Hannover, 16 July 2014
Talanx AG today successfully placed a senior unsecured bond with a volume of EUR 500 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 2.50 percent and matures on 23 July 2026. The bond issue allows for sustainably low funding costs. It is envisaged that the cash inflow will be used principally for the reduction of credit lines and it allows a  possible early redemption of existing bonds.

The issuer of the bond is Talanx AG. Rated "A-" by the rating agency Standard & Poor's, the bond will be listed on the Luxembourg Stock Exchange. The transaction was arranged by Barclays Bank, Citigroup, HSBC Bank und Natixis.

About Talanx

With premium income of EUR 28.1 billion (2013) and more than 21,500 employees, Talanx is Germany's third-largest and Europe's seventh-largest insurance group. The Hannover-based Group is active in some 150 countries. Talanx operates as a multi-brand provider with a focus on B2B insurance. The Group's brands include HDI, the global industrial insurer HDI-Gerling, Hannover Re, one of the world's leading reinsurers, Targo Versicherungen, PB Versicherungen and Neue Leben, the latter all specialized in bancassurance, and the financial services provider Ampega. The takeovers of TU Europa and TUiR Warta S.A. have now made Poland the second core market of Talanx. The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and the Hannover Re Group one of AA-/ stable (very strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).

You can find additional information by going to www.talanx.com.

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Disclaimer
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG's control, affect Talanx AG's business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement.

Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.