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
  0.00 0.0% 1,265.00 1,260.50 1,261.50 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 40,939.7 1,571.1 59.7 20.8 34,742

Prudential to Redeem $2.25 Billion of Bonds

22/10/2021 10:17am

Dow Jones News

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By Jaime Llinares Taboada


Prudential PLC said Friday that it intends to redeem $2.25 billion of high coupon bonds, reducing interest costs by around $125 million per year.

The U.K. insurer earlier this month completed a $2.4 billion equity fundraising in Hong Kong.

"Prudential also continues to monitor the market for other opportunities to further reduce its interest costs by raising new debt to refinance higher coupon existing debt," the FTSE 100 company said.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

October 22, 2021 05:02 ET (09:02 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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