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Allianz Annual Report 2012

FUNDING SOURCES ­Allianz SE’s access to external funds depends on various factors such as capital market conditions, access to credit facilities as well as credit ratings and credit capacity. The financial resources available to ­Allianz SE in the capital markets for short-, mid- and long-term funding needs are described below. In general, mid- to long-term financing is covered by issuing senior or subordinated bonds or ordi- nary shares. Please refer to page 72 regarding authorizations to issue and repurchase shares. Maturity structure of ­­Allianz SE’s senior and subordinated bonds as of 31 December 2012 C 072 nominal value in € BN 2013 2014 2015 2016 2017 2018 2019 2020 2021 perpetual2022 2023 2024 2025 2041 2042 6 5 4 3 2 1 1.5 1.5 1.5 1.5 6.0 1.5 2.5 1.0   Senior bonds    Subordinated bonds Equity funding As of 31 December 2012, the issued capital registered at the Commercial Register was € 1,167,232,000. This was divided into 455,950,000 registered shares with restricted transfer- ability. As of 31 December 2012, ­Allianz SE held 2,777,438 (2011: 2,754,556) own shares. ­Allianz SE has the option to increase its equity capital base according to authorizations provided by our shareholders. The following table outlines ­Allianz SE’s capital authoriza- tions as of 31 December 2012: Capital authorizations of ­Allianz se C 071 Capital authorization Nominal Amount Expiry date of the authorization Authorized Capital 2010/I € 550,000,000 (214,843,750 shares) 4 May 2015 Authorized Capital 2010/II € 9,752,000 (3,809,375 shares) 4 May 2015 Authorization to issue bonds carrying conversion and/or option rights € 9,500,000,000 (nominal bond value) 4 May 2015 (issuance of bonds) Conditional Capital 2010 € 250,000,000 (97,656,250 shares) No expiry date for Conditional Capital 2010 (issuance in case option or conversion rights are exercised)  72  Authorization of the Board of Manage- ment to issue and repurchase shares Annual Report 2012    Allianz Group176

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