Bonds
Zavarovalnica Triglas has currently two issued subordinated bonds, both count towards the capital adequacy of insurance company. The detailed, legally binding terms of each bond are described in the prospectus.
| ISIN | XS1980276858 | XS2848005166 |
|---|---|---|
| Type | Subordinated bond (Tier 2 pursuant to the Solvency II regulations) | Subordinated bond (Tier 2 pursuant to the Solvency II regulations) |
| Year of issue | 2019 | 2024 |
| Nominal value in EUR | 100,000 | 100,000 |
| Issue size in EUR | 50,000,000 | 100,000,000 |
| Number of bonds issued | 500 | 1000 |
| Currency | EUR | 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) | 6.70% fixed coupon p.a. until First Call Date, thereafter quarterly floating equal to 3mEuribor + 4.937% (equal to the original initial credit spread + 100bps step-up) |
| First call date | 22/10/2029 | 16/1/2035 |
| Maturity date | 22/10/2049 | 16/1/2045 |
| Maturity in years | 30.5 | 20.5 |
| Status | Subordinated Tier 2 Bonds | Subordinated Tier 2 Bonds |
| Regulated market | Luxembourg Stock Exchange | Luxembourg Stock Exchange |
| Issue Rating | BBB+ (S&P) | BBB+ (S&P) |