Financing

Hannover Re's debt financing on the capital market was essentially composed of subordinated bonds issued in past years to ensure lasting protection of our capital base. The total volume of debt and subordinated capital stood at EUR 1,481.3 million (EUR 1,420.0 million) as at the balance sheet date.

In addition, unsecured syndicated guarantee facilities exist with a number of financial institutions. For detailed information on existing contingent liabilities please see the notes, Section 6.12 “Debt and subordinated capital” and 8.6 “Contingent liabilities and commitments”.