UNIQA Announces Tender Offer to Repurchase Bonds and Plans New Bond Issue

On May 5, 2026, UNIQA Insurance Group AG announced a tender offer for repurchasing its EUR 500 million subordinated fixed-to-floating rate bonds issued in 2015. The company plans to issue new EUR 500 million subordinated bonds under similar terms. The repurchase will take place at 100.75% of the principal amount of the 2015 bonds, with the offer valid until May 12, 2026. Investors tendering their old bonds could receive a priority allocation for the new issuance.

The new bonds, with a minimum denomination of EUR 100,000, will be directed at institutional investors in Austria and internationally. Proceeds from these bonds will be used for corporate purposes, including refinancing upcoming redemptions, such as the current repurchase offer.

Joint Bookrunners include J.P. Morgan SE, UniCredit Bank GmbH, and others, with Kroll Issuer Services acting as the tender agent. The financial outlook for 2026 remains unchanged for UNIQA, despite expected increased financing costs from the premium paid over par value.