IN BRIEF: Phoenix starts tender offer for GBP428 million in notes

Mon, 27th Nov 2023 09:18

Phoenix Group Holdings PLC - London-based life insurance provider - Launches tender offer to holders of its GBP428.1 million in 6.625% notes due in 2025, as well as a tender offer for its USD500.0 million in notes due 2031. Says deadline for tenders is Monday next week. The maximum amount of the tender is still to be determined. Phoenix also will issue new sterling fixed rate reset tier 2 notes.

Current stock price: 476.50 pence, down 0.1%

12-month change: down 21%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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