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 December 06, 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 X No
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IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY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.
Allianz subordinated bonds successfully placed
Allianz has successfully issued two subordinated bonds with a total volume of
1.5 billion euros.
The issue was placed on the market in two tranches. A subordinated bond with a
volume of 500 million US dollars was primarily sold in Asia. This perpetual bond
can be first called by the issuer after five years. The coupon has been fixed at
7.25 percent. A second subordinated bond totaling one billion euros was
primarily targeted at European investors. The issue has a 22 year maturity and
can be first called after 12 years. For the first 12 years the coupon has been
fixed at 6.5 percent. The yield for primary investors is 6.6 percent.
After a successful bookbuilding period the interest rate for both issues was set
at the lower end of the expected range. They are rated A+ by Standard & Poor's
and A1 by Moody's.
After the placement of a senior jumbo bond in the volume of two billion euros
last week Allianz has issued an overall volume of 3.5 billion euros. The overall
demand amounted to more than 10 billion euros. The largest bond issue of a
European financial services provider in the euro bond market of the year 2002
has herewith been successfully completed.
Munich, December 4, 2002
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.
2
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.
The bonds have not and will not be registered under the U.S. Securities Act of
1933 and include bonds in bearer form that are subject to U.S. tax law
requirements. Subject to certain exceptions, bonds may not be offered, sold or
delivered within or to the United States
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: December 06, 2002