Allianz has announced that its planned bond issue will have a combined volume of euro 2bn.
The bonds are intended to strengthen Allianz's capital base and finance growth which it says it needs to expand.
An Allianz spokeswoman told Ananova that Allianz still believes it does not need a capital hike, despite the downturn in equity markets.
The announcement came as Allianz posted its biggest ever quarterly loss of 2.5 billion euros, as the value of its investments plunged.
Shares in the group were up 0.6% to 97.75 euros at 10am this morning.
