Bond issues
Zavarovalnica Triglav, d.d., has two issued subordinated bonds, both count towards the capital adequacy of insurance company. First bond (ISIN SI0022103038) will mature in 2020 and Triglav is replacing it with new one (ISIN XS1980276858), issued in 2019.
| ISIN | XS1980276858 |
|---|---|
| Type | Subordinated bond (Tier 2), pursuant to the Solvency II regulations |
| Nominal value in EUR | 100,000 |
| Issue size in EUR | 50,000,000 |
| Number of bonds issued | 500 |
| Currency | EUR |
| Coupon and coupon payment | 4.375 % fixed coupon p.a. until First Call Date, thereafter quarterly floating equal to 3m euribor + 4.845 % (equal to the original initial credit spread + 100bps step-up) |
| First call date | 22/10/2029 |
| Maturity date | 22/10/2049 |
| Maturity in years | 30.5 |
| Status | Bonds constitute unsecured subordinated obligations of the Issuer |
| Regulated market | Luxembourg Stock Exchange |
| Issue Rating | BBB+ (S&P) |