Assicurazioni Generali EUR Green 11yr Bullet T2 - IPTs MS+260 area €€€
Issuer: Assicurazioni Generali S.p.A.
Description: EUR Fixed Rate Green Senior Dated Subordinated Notes(Tier 2)
Issuer Financial Strength: Baa1, Stable (Moody’s) / A, Negative (Fitch) / A, Stable (A.M. Best)
Expected Issue Ratings: Baa3 (hyb)(Moody’s) / BBB(Fitch) / A-(A.M. Best)
Status of the Notes: Senior Dated Subordinated Notes (as set out in Condition 4.1 (Status – Senior Dated Subordinated Notes) of the Terms and Conditions of the Tier 2 Notes
Amount: EUR Benchmark
Settlement Date: [1] October 2019 [T+6]
Scheduled Maturity Date: Interest Payment Date falling on [1] October 2030, subject to Conditions to Redemption below
Initial Price Thoughts: MS+260 area
Coupon: Fixed payable annually in arrear
Mandatory Interest Deferral: Cash cumulative, non-compounding upon the occurrence of a Solvency Capital Event (meaning non-compliance with the SCR(or that payment of interest or principal on the Notes would lead to such non-compliance); any other event which would require a deferral or suspension of payment of interest or principal under the Applicable Regulations for Tier 2 Own Funds qualification); if interest payment would result in or accelerate insolvency of the Issuer; or if Lead Regulator determines that Solvency Margin would fall below SCR in the short term
Issuer: Assicurazioni Generali S.p.A.
Description: EUR Fixed Rate Green Senior Dated Subordinated Notes(Tier 2)
Issuer Financial Strength: Baa1, Stable (Moody’s) / A, Negative (Fitch) / A, Stable (A.M. Best)
Expected Issue Ratings: Baa3 (hyb)(Moody’s) / BBB(Fitch) / A-(A.M. Best)
Status of the Notes: Senior Dated Subordinated Notes (as set out in Condition 4.1 (Status – Senior Dated Subordinated Notes) of the Terms and Conditions of the Tier 2 Notes
Amount: EUR Benchmark
Settlement Date: [1] October 2019 [T+6]
Scheduled Maturity Date: Interest Payment Date falling on [1] October 2030, subject to Conditions to Redemption below
Initial Price Thoughts: MS+260 area
Coupon: Fixed payable annually in arrear
Mandatory Interest Deferral: Cash cumulative, non-compounding upon the occurrence of a Solvency Capital Event (meaning non-compliance with the SCR(or that payment of interest or principal on the Notes would lead to such non-compliance); any other event which would require a deferral or suspension of payment of interest or principal under the Applicable Regulations for Tier 2 Own Funds qualification); if interest payment would result in or accelerate insolvency of the Issuer; or if Lead Regulator determines that Solvency Margin would fall below SCR in the short term