Generali : Rapid debt reduction
>Success of the buyback and placement of the green bond - Yesterday evening, Generali announced the result of the buyback on its three subordinated bonds, which was launched at the beginning of last week. The aggregate principal amount of all notes tendered exceeded €1.5bn, representing 59% of the outstanding notes. Generali will accept for purchase an amount of €1bn (£ 252.5m on the perpetual subordinated debt issued in pound sterling, € 448.54m of its debt maturing ...Assicurazioni Generali is the parent company for The Generali Group (the Group), an insurance and financial services provider. The commercial offer is composed of savings and pure risks policies, which constitute the majority of the portfolio, which includes protection and pension funds. In the non-life sector the Group is focused primarily on the retail market. In addition, through the Europ Assistance Group, Co. is engaged in services in motor, travel, health, home and family. The Group has also expanded its business from insurance to a range of asset management, property and financial services.
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