UPDATE 3-Allianz raises 1 bln eur to help rating, bank

Newswire

(Adds source on purpose of deal, detail, shares) By John O'Donnell FRANKFURT, Jan 26 (Reuters) - Allianz AG will net about one billion euros ($1.3 billion) from a series of bond and share sales aimed at boosting its capital and cutting exposure to volatile equity markets, it said on Wednesday. Sources close to the group said it also hoped the deals would lift its credit rating and raise fresh funds for Dresdner Bank, which has been a drag on profits ever since Allianz bought it for 24 ...

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