Prudential PLC Substitution of M&G plc as issuer of securities (3769Q)
October 18 2019 - 4:30AM
UK Regulatory
TIDMPRU
RNS Number : 3769Q
Prudential PLC
18 October 2019
NEWS RELEASE
18 October 2019
Substitution of M&G plc as the issuer of certain
securities
As scheduled and in connection with the proposed demerger of
M&G plc ("M&G") from Prudential plc ("Prudential"), with
effect from 18 October 2019, M&G has been substituted in place
of Prudential as principal debtor in respect of the following
securities and their connected coupons:
USD 500,000,000 6.500 per cent. notes due 2048 (ISIN -
XS1888930150);
GBP500,000,000 6.250 per cent. notes due 2068 (ISIN -
XS1888925747);
GBP750,000,000 5.625 per cent. notes due 2051 (ISIN -
XS1888920276);
GBP300,000,000 3.875 per cent. notes due 2049 (ISIN -
XS2025521886);
GBP600,000,000 5.56 per cent. notes due 2055 (ISIN -
XS1243995302); and
GBP700,000,000 6.34 per cent. notes due 2063 (ISIN -
XS1003373047).
The nominal amount (translated, where applicable, into pounds
sterling at the exchange rate prevailing as at 30 June 2019 of
1.2727) of this Tier 2 subordinated debt is GBP3,243 million.
It is expected that the demerger will be completed and that
M&G's shares will be admitted to trading on the London Stock
Exchange's main market for listed securities by no later than
8.00am (UK time) on 21 October 2019.
Enquiries:
Treasury Investors/Analysts
+ 44 (0) 20 3977 +44 (0)20 3977
Simon Rich 9419 Patrick Bowes 9702
+44 (0)20 3977
William Elderkin 9215
Media
+44 (0)20 3977
Jonathan Oliver 9500
+44 (0)20 3977
Tom Willetts 9760
About Prudential plc
Prudential plc and its affiliated companies constitute one of
the world's leading financial services groups, serving 26 million
customers, with GBP717 billion of assets under management (as at 30
June 2019). Prudential plc is incorporated in England and Wales and
is listed on stock exchanges in London, Hong Kong, Singapore and
New York.
Additional information
Prudential plc is not affiliated in any manner with Prudential
Financial Inc., a company whose principal place of business is in
the United States of America.
Disclaimer
This announcement does not constitute an offer of securities for
sale or a solicitation of an offer to purchase securities in any
jurisdiction nor shall it (or any part of it) or the fact of its
distribution, form the basis of, or be relied on in connection
with, any contract therefor.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUWAWRKVARARA
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