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PRU Prudential Plc

682.40
18.60 (2.80%)
Last Updated: 16:26:53
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prudential Plc LSE:PRU London Ordinary Share GB0007099541 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.60 2.80% 682.40 682.20 682.40 683.40 664.00 665.40 2,485,232 16:26:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance 12.19B 1.7B 0.6401 10.67 17.64B

Prudential Seeks to Sell up to US$725 Million USD-Denominated Tier 2 Perpetual Bonds -- Term Sheet

06/09/2016 4:43am

Dow Jones News


Prudential (LSE:PRU)
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    By Carol Chan 
 

HONG KONG--Prudential Plc (2378.HK) is seeking to sell up to US$725 million worth of U.S. dollar-denominated tier 2 perpetual bonds, according to a term sheet seen Tuesday by The Wall Street Journal.

The British multinational life insurance and financial services company, which is rated A2 by Moody's Investor Services, A+ by S&P Global Ratings and A by Fitch Ratings, is marketing the tier 2 bonds to yield around 4.625%, the term sheet said. Its planned tier 2 bonds are expected to be rated A3 by Moody's, A- by S&P and BBB+ by Fitch.

Barclays, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs and Bank of America Merrill Lynch are joint bookrunners for the bond sale, the term sheet said.

Prudential plans to price tier 2 bond issue as early as Tuesday, according to the term sheet.

Write to Carol Chan at carol.chan@wsj.com

 

(END) Dow Jones Newswires

September 05, 2016 23:28 ET (03:28 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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