=------------------------------------------------------------------------------- Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. =------------------------------------------------------------------------------- No Keyword 20.01.2021 Vienna - In line with the Group's long-term capital planning and based on the current interest rate situation, the Managing Board initiated the issuance of a senior sustainability bond at its meeting today. The focus is on expanding investments in socially and ecologically sustainable projects. Depending on market conditions, the senior sustainability bond with a volume of EUR 500 million is to be issued in the first half of 2021. The structure and the issue date have not yet been finalised. The details of the issuance as well as the sustainability bond framework including the second party opinion of an independent rating agency will be published in the course of the issuance. In view of the available capacities and taking advantage of the currently favourable environment, the issuance of a subordinated restricted tier 1 bond with a total volume of EUR 300 million got also initiated. This instrument will be fully subscribed by VIG's main shareholder, Wiener Städtische Versicherungsverein. The following securities of VIG are admitted for trading on a regulated market: ISSUE TITEL ISIN TRADING SEGMENT Share AT0000908504 Vienna and Prague Stock Exchange, Official Market VIG subordinated bond 2015 AT0000A1D5E1 Luxembourg Stock Exchange, Second Regulated Market VIG subordinated bond 2013 AT0000A12GN0 Vienna Stock Exchange, Second Regulated Market Further inquiry note: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe 1010 Vienna, Schottenring 30 Wolfgang Haas Head of Group Communications & Marketing, Spokesperson of the Group Phone: +43(0)50 390-21029 Fax: +43 (0)50 390 99-21029 E-Mail: wolfgang.haas@vig.com Nina Higatzberger-Schwarz Head of Investor Relations Phone: +43 (0)50 390-21920 Fax: +43 (0)50 390 99-21920 E-Mail: nina.higatzberger@vig.com end of announcement euro adhoc =-------------------------------------------------------------------------------
(END) Dow Jones Newswires
January 20, 2021 07:35 ET (12:35 GMT)