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.

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Vienna Insurance Group AG published this content on 20 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2021 12:39:05 UTC