[ADVERT]
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


Prudential (LSE:PRU)
Historical Stock Chart


From Jul 2021 to Jan 2022

Click Here for more Prudential Charts.

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.

1 Year Prudential Chart

1 Year Prudential Chart

1 Month Prudential Chart

1 Month Prudential Chart
ADVFN Advertorial
Your Recent History
LSE
PRU
Prudential
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220128 07:16:07