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Allianz SE, 8.375% Undated Subordinated Callable Bonds
Ticker Symbol: AZ.GA* CUSIP: 018805200 Exchange: OTOTC
* NOTE: This security is no longer trading as of 6/15/2013
Security has been Called for: Saturday, June 15, 2013
May 08, 2013 -- Allianz to redeem its 2 billion US-dollar 8.375% undated subordinated callable bonds. Allianz SE announced today that it intends to call for redemption effective June 15, 2013 all of its 2,000,000,000 US-dollar 8.375% undated subordinated callable bonds (CUSIP: 018805200; ISIN: US0188052007). The Bonds will be redeemed in accordance with their terms and conditions. The redemption price for the Bonds will be the principal amount plus any interest accrued to and including the Redemption Date and will be paid in cash on Monday, June 17, 2013. ____________ Sept. 22, 2009, Allianz AG said Tuesday it intends to voluntarily delist its shares and bonds from the New York Stock Exchange. Also, the insurance giant will delist its ordinary shares from the stock exchanges in London, Milan, Paris, and the Swiss Exchange "in due course." Allianz said the moves will focus the trading of its shares on the Frankfurt Xetra trading platform as the market with the highest liquidity. In recent years, trading of Allianz shares on non-German stock exchanges accounted on average for significantly less than 5% of the total trading of Allianz shares, even though approximately 70% of Allianz shares are held by investors outside of Germany, the company said. The last trading day of the American depositary shares and bonds on the NYSE is currently expected to be on or about Oct. 23, 2009.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Allianz SE, 8.375% Undated Subordinated Callable Bonds, issued in $25 denominations, redeemable at the issuer's option on or after 6/15/2013 at $25 per share plus accrued and unpaid interest, and with no fixed maturity date. Interest distributions of 8.375% ($2.09375) per annum are paid quarterly in cash, or possibly in stock under limited circumstances, on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by these bonds are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-57 of the prospectus for further information). The company has the right, at any time, to defer dividend payments for up to 40 consecutive quarters without giving rise to an event of default (but not beyond the maturity date) and up to 20 consecutive quarters before the alternative payment mechanism takes effect. The bonds are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Bonds are unsecured, junior subordinated obligations of the company and will rank junior to all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the bonds by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AZSEY)
IPO - 6/4/2008 - 70.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: AZM Changed: 10/23/2009
Market Value $1.8 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: Koeniginstrasse 28, 80802 Munich, Germany |
| Main Phone Number |
+49-89-3800-0 |
| Fax Number |
+49.89.3800-3899 |
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Inv Rel Phone Number
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+49.89.3800-7555 |
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