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