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Talanx AG on May 30 issued its debut €3 billion euro medium-term note program.
The program is intended to increase the flexibility of the German insurer's financing and to help reduce its refinancing costs in the medium term. Both senior and subordinated drawdowns are possible.
Royal Bank of Scotland Plc, trading as NatWest Markets, is acting as arranger for the program, while Deutsche Bank AG is the paying agent.