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Name | Symbol | Market | Type |
---|---|---|---|
Prudential Plc | NYSE:PUK | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.42 | 2.26% | 19.00 | 19.115 | 18.87 | 18.98 | 1,114,452 | 22:30:00 |
By Carol Chan
HONG KONG--Prudential Plc (2378.HK) raised US$1 billion via a U.S. dollar-denominated tier 2 perpetual bond offering, according to a term sheet seen Wednesday by The Wall Street Journal.
The tier 2 bonds from the British multinational life insurance and financial services company carry a coupon of 5.25%, the term sheet said. The bonds are expected to be rated A3 by Moody's Investor Services, A- by S&P Global Ratings and BBB+ by Fitch Ratings, the term sheet said.
BNP Paribas, Citi, Credit Suisse, HSBC, Morgan Stanley, Standard Chartered Bank and UBS were joint bookrunners for the bond sale, the term sheet said.
Write to Carol Chan at carol.chan@wsj.com
(END) Dow Jones Newswires
May 31, 2016 20:44 ET (00:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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