Old Mutual Launches GBP500 Million Fixed Rate Senior Bond
October 13 2009 - 2:49AM
Dow Jones News
Old Mutual PLC (OML.LN) said Tuesday it has launched and priced
a GBP500 million fixed rate senior bond due Oct. 19, 2016 at a
semi-annual coupon of 7.125%.
MAIN FACTS:
-Reoffer price 99.323
-Lead managers are Barclays Capital, Deutsche Bank (DB) and
Royal Bank of Scotland (RBS) and co-leads are Calyon, RBC Capital
Markets and Société Générale S.A. (SCGLY).
-Issue is being made under company's GBP3.5 billion Euro Note
Programme and will be listed in London in denominations of
GBP50,000 and GBP1,000.
-Bond is senior and unsecured and is rated Baa1/BBB by Moody's
and Fitch.
-FSA stabilisation.
-Use of proceeds - General corporate purposes
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com