Prudential PLC Notice - Redemption US$1,000,000,000 6.5% Notes (4242N)

TIDMPRU

RNS Number : 4242N

Prudential PLC

08 May 2018

Prudential PLC

8 May 2018

8 May 2018

Scottish Amicable Finance plc

LEI: 213800E2SWPCDVDKVT10

SCOTTISH AMICABLE FINANCE PLC

(the "Issuer")

GBP100,000,000 8.5 PER CENT. UNDATED SUBORDINATED GUARANTEED BONDS UNCONDITIONALLY AND IRREVOCABLY GUARANTEED ON A SUBORDINATED BASIS BY SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY

(ISIN: XS0047897417)

(the "Bonds" and the holders thereof, the "Bondholders")

The Issuer has today given formal notice to the Bondholders that it intends to redeem the Bonds in full on 30 June 2018, in accordance with their terms and conditions.

Enquiries to:

 
 Media:                    Investors/Analysts: 
                                                 +44 (0)20 
                           Chantal Waight         7548 3039 
 Jonathan     +44 (0)20     Richard               +44 (0)20 
  Oliver       7548 3537    Gradidge              7548 3860 
  Jonathan     +44 (0)20    William               +44 (0)20 
  Miller       7548 2776    Elderkin              3480 5590 
 

DISCLAIMER

This announcement is not intended to and does not constitute or form part of any offer to sell or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefore or be considered a recommendation that any investor should subscribe for or purchase or invest in any securities.

The securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or under any relevant securities laws of any state of the United States of America and may not be offered, sold or delivered in the United States of America or to, or for the account of or benefit of, U.S. Persons, subject to certain limited exemptions.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 08, 2018 13:08 ET (17:08 GMT)