- Early redemption at first issuer call date
- Completion of a successful refinancing step strengthens capital structure and financial flexibility
- Early redemption at first issuer call date
- Completion of a successful refinancing step strengthens capital structure and financial flexibility
Vienna, 11th June 2026 - UNIQA Insurance Group AG has decided to exercise its call option and fully redeem its subordinated Tier 2 bond issued in 2015 (ISIN XS1117293107). The redemption will take place as scheduled on the first issuer call date on 27 July 2026. The notice of termination to noteholders pursuant to § 4 of the terms and conditions of the notes is published and repayment will be made through the paying agent.
Active liability management and successful new issuance
As part of a targeted liability management process - i.e. the active management and optimisation of existing financial liabilities - UNIQA had previously repurchased a substantial portion of this bond while simultaneously issuing a new Tier 2 bond with a volume of EUR 500 million. The new issue met exceptionally strong demand and was around 5.6 times oversubscribed.
"With the full redemption, we are completing a key step in our refinancing strategy. We are optimising our capital structure in a targeted way and thereby sustainably strengthen our financial flexibility and stability," says Kurt Svoboda, CFO/CRO of UNIQA Insurance Group AG.
Full completion of the transaction
Following the redemption, no notes of this bond will remain outstanding. The transaction forms part of UNIQA's consistent capital management approach and contributes to further optimising the Group's capital structure while strengthening stability and financial flexibility.
Overview Ah hoc and press releases:
UNIQA: Buyback executed, Exceptionally Strong Demand for New Issue
UNIQA strengthens capital base through early tender offer and new Tier 2 issuance
Ad hoc 1
UNIQA launches tender offer for the repurchase of subordinated (Tier 2) bonds issued in 2015 and intends to issue a new EUR 500 million fixed-to-floating rate subordinated (Tier 2) bond
Ad hoc 2
UNIQA Insurance Group AG successfully places new EUR 500,000,000 fixed to floating rate subordinated (Tier 2) notes
S&P
Austria-Based Multiline Insurer UNIQA Insurance Group AG's Proposed Notes Rated 'BBB+'
UNIQA Group
The UNIQA Group is one of the leading insurance companies in its core markets of Austria and Central and Eastern Europe (CEE). Around 21,000 employees and exclusive sales partners serve more than 18 million customers across 14 countries.
UNIQA is the second largest insurance group in Austria with a market share of about 21 per cent. In the CEE growth region UNIQA is present in 11 markets: Bosnia and Herzegovina, Bulgaria, Croatia, Czechia, Hungary, Montenegro, Poland, Romania, Serbia, Slovakia and Ukraine. In addition, insurance companies in Switzerland and Liechtenstein are also part of the UNIQA Group.