SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For November 22, 2002
Commission File Number: 1-15154
ALLIANZ AKTIENGESELLSCHAFT
Koeniginstrasse 28
80802 Munich
Germany
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE
REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-13462) OF ALLIANZ
AKTIENGESELLSCHAFT AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT
IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY
FILED OR FURNISHED.
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Allianz Jumbo Eurobond Generates Strong Demand
Allianz AG has issued a eurobond with a volume of two billion euros through its
Dutch financing subsidiary Allianz Finance II B.V. The bond was placed on the
capital market with exceptional success. The issue is rated "AA" by Standard &
Poor's and "Aa2" by Moody's and was four times oversubscribed.
The issue was placed on the market in two tranches with a five-year and a
ten-year maturity. Both tranches have a fixed coupon. The overwhelming demand
triggered an increase in the total volume from 1.0 to 2.0 billion euros and the
interest rate was set at the lower end of the bookbuilding range. The investor's
return is 4.735 % for the five-year tranche and 5.665 % for the ten-year
tranche.
"We were able to satisfy different segments of demand by dividing the issue into
two tranches with different terms", explained Stephan Theissing, Head of
Corporate Finance at Allianz AG. "Interest rates are at a historically low
level. In addition, investors have high levels of liquidity because of the lack
in new offerings - and we have taken advantage of this situation," continued
Theissing.
With orders exceeding 8 billion euros, the bond was more than four times
oversubscribed. The bank syndicate comprises Deutsche Bank, Dresdner Bank,
Schroder Salomon Smith Barney and UBS Warburg.
A listing on the Luxembourg Stock Exchange is anticipated.
Allianz is also planning the placement of a subordinated bond with a volume
amounting to at least 500 million US dollars.
Munich, November 22, 2002
The offer is not being made in or into, and it may not be accepted in or from
the United States, Canada, Australia or Japan. Accordingly, the offer has not
and will not be registered under the US Securities Act, nor under the laws of
any state of the United States, and may not be offered, sold, resold or
delivered, directly or indirectly, in or into the United States except pursuant
to an exemption from the registration requirements of the U.S. Securities Act.
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This document does not constitute an offer to sell or the solicitation of an
offer to buy Allianz shares in the United States, Canada, Australia or Japan or
in any other jurisdiction in which such an offer or solicitation is unlawful.
Persons wishing to accept the 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 of or any facilities of a national securities exchange of the United
States, Canada, Australian or Japan for any purpose directly or indirectly
related to the acceptance of the offer. Acceptances or other documents in
respect of the offer should not be postmarked in the United States, Canada,
Australia or Japan or otherwise dispatched from the United States, Canada,
Australia or Japan. All accepting shareholders must provide addresses outside
the United States, Canada, Australia or Japan for the receipt of the Allianz
shares.
Neither this information, nor any opinion expressed, constitutes an offer of or
invitation to purchase any securities in any jurisdiction. Any such offer or
invitation will only be made in documents to be published in the due course and
any such offer or invitation is limited to the information provided in such
documents.
Cautionary Note Regarding Forward-Looking Statements.
Certain of the statements contained herein may be statements of future
expectations and other forward-looking statements that are based on management's
current views and assumptions and involve known and unknown risks and
uncertainties which could cause actual results, performance or events to differ
materially from those expressed or implied in such statements. In addition to
statements which are forward-looking by reason of context, the words "may, will,
should, expects, plans, intends, anticipates, believes, estimates, predicts,
potential, or continue" and similar expressions identify forward-looking
statements. Actual results, performance or events may differ materially from
those in such statements due to, without limitation, (i) general economic
conditions, including in particular economic conditions in the Allianz Group's
core business and core markets, (ii) performance of financial markets, including
emerging markets, (iii) the frequency and severity of insured loss events, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi) interest
rate levels, (vii) currency exchange rates including the Euro - U.S. Dollar
exchange rate, (viii) changing levels of competition, (ix) changes in laws and
regulations, including monetary convergence and the European Monetary Union, (x)
changes in the policies of central banks and/or foreign governments, (xi) the
impact of acquisitions (e.g. Dresdner Bank), including related integration
issues, and (xii) general competitive factors, in each case on a local,
regional, national and/or global basis. Many of these factors may be more likely
to occur, or more pronounced, as a result of the event on, and following,
September 11th, 2001.
The matters discussed in this release may also involve risks and uncertainties
described from time to time in Allianz AG's filings with the U.S. Securities and
Exchange Commission. Allianz AG assumes no obligation to update any
forward-looking information contained in this release.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ALLIANZ AKTIENGESELLSCHAFT
By: /s/ Dr. Reinhard
-------------------
Preusche
Dr. Reinhard Preusche
Group Compliance
By: /s/ Dr. Giovanni
-------------------
Salerno
Dr. Giovanni Salerno
Group Compliance
Date: November 22, 2002
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