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Intent to Redeem Subordinated Notes

4 Oct 2018 11:31

RNS Number : 0052D
Friends Life Holdings plc
04 October 2018
 

 

4 October 2018

 

Friends Life Holdings plc to redeem US$575,000,000 7.875 per cent. Reset Perpetual Subordinated Notes

(ISIN: XS0851688860, Common Code: 0851688860)

 

 

Friends Life Holdings plc (the "Issuer") announces that notification has been given to the holders of the US$575,000,000 7.875 per cent. Reset Perpetual Subordinated Notes (the "Notes'') that it shall redeem the Notes in full on 8 November 2018 (i.e. the First Call Date) at their principal amount together with accrued interest to (but excluding) 8 November 2018.

 

In addition, the Issuer will apply to the Financial Conduct Authority, in its capacity as United Kingdom Listing Authority, to cancel the listing of the Notes on the Official List of the United Kingdom Listing Authority.

 

Capitalised terms not otherwise defined herein have the meanings given to them in the Terms and Conditions of the Notes.

 

-ends-

 

Enquiries:

 

Media:

 

Nigel Prideaux +44 (0)20 7662 0215

Andrew Reid +44 (0)20 7662 3131

 

Analysts:

 

Chris Esson +44 (0)20 7662 8115

Helen Driver +44 (0)20 7662 3070

Diane Michelberger +44 (0)20 7662 0911

 

 

 

Notes to editors:

· Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.

· In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE100 index.

· Aviva's asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages over £350 billion in assets. Total group assets under management at Aviva group are £490 billion.

· Aviva helps people save for the future and manage the risks of everyday life; we paid out £34.6 billion in benefits and claims in 2017.

· By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.

· The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive.

· For an introduction to what we do and how we do it, please click here www.aviva.com/about-us

· Follow us on twitter: www.twitter.com/avivaplc/ 

· Follow us on LinkedIn: www.linkedin.com/company/aviva-plc

· For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva

· We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking.

 

 

 

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
 
 
MSCFSWFSLFASEES
Date   Source Headline
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12th Nov 20181:18 pmRNSSubordinated Notes: Cancellation of Listing
4th Oct 201811:31 amRNSIntent to Redeem Subordinated Notes
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