Vienna Insurance to issue €500M senior sustainability bond

Vienna Insurance Group AG plans to issue a €500 million senior sustainability bond in the first half of 2021.

The focus of the issuance is on expanding investments in socially and ecologically sustainable projects. The company has not yet finalized the structure and issue date of the bond.

The company also initiated the issuance of a €300 million subordinated restricted Tier 1 bond. The instrument will be fully subscribed by Vienna's main shareholder, Wiener Städtische Versicherungsverein.