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Notice
The sole aim of this overview is to provide a simplified and non-binding summary. The respective offering prospectus alone is legally binding.

Status: 30.09.2019

Subordinated liabilities

Issuer Type Volume nominal Coupon rate p. a. Emission/ Issue Maturity
Münchener Rückversicherungs- Gesellschaft AG, Munich Subordinated bonds €1,250m Until 2029 3.25 %, thereafter variable 2018 2049⁵⁾

Details

The €1,250m bond ends on 26 May 2049. Münchener Rückversicherungs-Gesellschaft AG, as the issuer, has the right to call them for early redemption in 2029. The bonds have a coupon of 3.25% p.a. until 26 May 2029. If they are not redeemed early, the annual coupon as from 26 May 2029 will be 340 basis points above 3-month EURIBOR.

Details of the bonds

Issuer Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Volume €1,250m
Denomination €100,000
Issue price 98.94%
Redemption price 100.00%
Coupon p.a. up to first call date 3.25%
Coupon p.a. after first call date 3-month EURIBOR + 240bp + 100 bp step up
Option deferral Under premises as defined in the conditions of issue the issuer has the option to defer the coupon.
Mandatory Deferral Coupons will be mandatorily deferred where the issuer breaches minimum solvency requirements (referred to as the "Solvency Event")
Settlement of deferred coupons Cash Cumulative
Term 26 May 2049
Date of issue 22 November 2018
Coupon date 26 May, starting in 2019
First call date 26 May 2029
Early call provisions Customary call events prior to first call date: Gross up, Tax, Accounting, Rating and Regulatory Event.
Subordination The notes are subordinated to senior creditors
German securities identification number A2TSS7
ISIN XS 184 344 831 4
Bloomberg MUNRE
Stock exchange listing Luxembourg

The sole aim of this overview is to provide a simplified and non-binding summary. The offering prospectus alone is legally binding.

Bond terms
For further details, please see the bond T&C:
T&C (PDF, 440 KB)

Issuer Type Volume nominal Coupon rate p. a. Emission/ Issue Maturity
Münchener Rückversicherungs- Gesellschaft AG, Munich Subordinated bonds €900m Until 2022 6.25%, thereafter variable 2012 2042⁴⁾

Details

The €900m bond ends on 26 May 2042. Münchener Rückversicherungs-Gesellschaft AG, as the issuer, has the right to call them for early redemption in 2022. The bonds have a coupon of 6.25% p.a. until 26 May 2022. If they are not redeemed early, the annual coupon as from 26 May 2022 will be 495 basis points above 3-month EURIBOR.

Details of the bonds

Issuer Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Volume €900m
Denomination €100,000
Issue price 99.38%
Redemption price 100.00%
Coupon p.a. up to first call date 6.25%
Coupon p.a. after first call date 3-month EURIBOR + 395bp + 100bp step up
Option deferral Under premises as defined in the conditions of issue the issuer has the option to defer the coupon.
Mandatory Deferral Coupons will be mandatorily deferred where the issuer breaches minimum solvency requirements (referred to as the "Solvency Event")
Settlement of deferred coupons Cash Cumulative
Term 26 May 2042
Date of issue 29 March 2012
Coupon date 26 May, starting in 2012
First call date 26 May 2022
Early call provisions Customary call events prior to first call date: Gross up, Tax, Accounting, Capital and Regulatory Event.
Subordination The notes are subordinated to senior creditors
German securities identification number A1ML16
ISIN XS 076 427 852 8
Bloomberg MUNRE
Stock exchange listing Luxembourg

The sole aim of this overview is to provide a simplified and non-binding summary. The offering prospectus alone is legally binding.

Bond terms
For further details, please see the bond T&C:
T&C (PDF, 392 KB)

Issuer Type Volume nominal Coupon rate p. a. Emission/ Issue Maturity
Münchener Rückversicherungs- Gesellschaft AG, Munich Subordinated bonds £450m Until 2022 6.625%, thereafter variable 2012 2042⁴⁾

Details

The £450m bond ends on 26 May 2042. Münchener Rückversicherungs-Gesellschaft AG, as the issuer, has the right to call them for early redemption in 2022. The bonds have a coupon of 6.625% p.a. until 26 May 2022. If they are not redeemed early, the annual coupon as from 26 May 2022 will be 495 basis points above 3-month LIBOR.

Details of the bonds

Issuer Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Volume £450m
Denomination £100,000
Issue price 99.797%
Redemption price 100.00%
Coupon p.a. up to first call date 6.625%
Coupon p.a. after first call date 3-month LIBOR + 395bp + 100bp step up
Optional deferral Under premises as defined in the conditions of issue the issuer has the option to defer the coupon.
Mandatory Deferral Coupons will be mandatorily deferred where the issuer breaches minimum solvency requirements (referred to as the "Solvency Event")
Settlement of deferred coupons Cash Cumulative
Term 26 May 2042
Date of issue 29 March 2012
Coupon Date 26 May, starting in 2012
First call date 26 May 2022
Early call provisions Customary call events prior to first call date: Gross up, Tax, Accounting, Capital and Regulatory Event.
Subordination The notes are subordinated to senior creditors
German securities identification number A1ML15
ISIN XS 076 427 828 8
Bloomberg MUNRE
Stock exchange listing Luxembourg

The sole aim of this overview is to provide a simplified and non-binding summary. The offering prospectus alone is legally binding.

Bond terms
For further details, please see the bond T&C:
T&C (PDF, 391 KB)

Issuer Type Volume nominal Coupon rate p. a. Emission/ Issue Maturity
Münchener Rückversicherungs- Gesellschaft AG, Munich Subordinated bonds €1,000m Until 2021 6.00%, thereafter variable 2011 2041³⁾

Details

The €1,000m bond ends on 26 May 2041. Münchener Rückversicherungs-Gesellschaft AG, as the issuer, has the right to call them for early redemption in 2021. The bonds have a coupon of 6.00% p.a. until 26 May 2021. If they are not redeemed early, the annual coupon as from 26 May 2021 will be 350 basis points above 3-month EURIBOR.

Details of the bonds

Issuer Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Volume €1,000m
Denomination €100,000
Issue price 99.064%
Redemption price 100.00%
Coupon p.a. up to first call date 6.00%
Coupon p.a. after first call date 3-month EURIBOR + 250bp + 100bp step up
Optional deferral Under premises as defined in the conditions of issue the issuer has the option to defer the coupon.
Mandatory Deferral Coupons will be mandatorily deferred where the issuer breaches minimum solvency requirements (referred to as the "Solvency Event")
Settlement of deferred coupons Cash Cumulative
Term 26 May 2041
Date of issue 5 April 2011
Coupon date 26 May, starting in 2012
First call date 26 May 2021
Early call provisions Customary call events prior to first call date: Gross up, Tax, Accounting, Capital and Regulatory Event.
Subordination The notes are subordinated to senior creditors
German securities identification number A1KQYJ
ISIN XS 060 839 255 0
Reuters DE 060 839 255 =
Bloomberg MUNRE
Stock exchange listing Luxembourg

The sole aim of this overview is to provide a simplified and non-binding summary. The offering prospectus alone is legally binding.

Bond terms
For further details, please see the bond T&C:
T&C (PDF, 7.5 MB)

Issuer Type Volume nominal Coupon rate p. a. Emission/ Issue Maturity
ERGO Versicherung Aktiengesellschaft, Vienna Registered bonds €13m²⁾ Secondary market yield on federal government bonds (Austria) +70 BP 1998 undated
ERGO Versicherung Aktiengesellschaft, Vienna Registered bonds €12m¹⁾ Until 2010 6%, thereafter variable 2001 undated
HSB Group Inc., Delaware Bond US$ 76m LIBOR +91 BP 1997 2027
1) In the first quarter 2017, the issuer redeemed bonds with a nominal value of €6m.
2) In the first quarter 2017, the issuer redeemed bonds with a nominal value of €7m.
3) First possible redemption date is 26 May 2021
4) First possible redemption date is 26 May 2022
5) First possible redemption date is 26 May 2029

Bonds and notes issued

Issuer Type Volume Coupon rate p. a. Emission/ Issue Maturity
Munich Re America Corporation, Wilmington Senior bond US$ 334m 7.45% 1996 2026

Maturity pattern

Currency pattern

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The Information requested relates to financial instruments, securities or offers thereof, which are not offered in or into and may not be accepted in or from the United States, Canada, Australia or Japan or by US persons (as defined in Regulation S of the Securities Act of 1933). Accordingly, neither the instruments or securities, nor any offer thereof, have been (i) registered under the US Securities Act, nor under the laws of any state of the United States, (ii) such instruments or securities may not be offered, sold, resold, pledged or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from the registration requirements of the US Securities Act, and (iii) such instruments or securities may be subject to US tax law requirements. No documents contained herein constitute an offer to sell or a solicitation of an offer to buy instruments or securities in the United States, Canada, Australia or Japan or to US persons, or in any other jurisdiction in which such an offer or solicitation is unlawful. Persons wishing to accept an offer must not use the United States, Canadian, Australian or Japanese mails or any means or instrumentality (including, without limitation, facsimile transmission, telex or telephone) of interstate or foreign commerce or any facilities of a national securities exchange of the United States, Canada, Australia or Japan for any purpose directly or indirectly related to the acceptance of an offer. Acceptances or other documents in respect of an offer should not be postmarked in the United States, Canada, Australia or Japan. All accepting persons must provide addresses outside the United States, Canada, Australia or Japan for the receipt of any instruments or securities. Further, any holder of the relevant instruments or securities shall be deemed to have represented to the issuer (i) that such holder is not a US person and (ii) that such holder is not acquiring such instrument or security for the account of any US person.

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