July 06, 2011

Nippon Life To Invest In Allianz via Convertible Sub. Notes

Nippon Life Insurance Company, the Japanese largest insurer, announced that it will purchase 30-year convertible subordinated notes issued by Allianz Financial Ⅱ B.V., a finance subsidiary wholly owned by Allianz SE, one of the leading integrated financial services provider worldwide. The notes are guaranteed by Allianz and the investment amount well be EUR 500 million.

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