Prudential PLC Pricing of US$350,000,000 Notes Offering (5818F)
March 22 2022 - 4:30AM
UK Regulatory
TIDMPRU
RNS Number : 5818F
Prudential PLC
22 March 2022
Prudential plc announces pricing of US$350,000,000 Notes
Offering
Prudential plc ("Prudential" or the "Company") priced an issue
of US$350,000,000 3.625% Notes due 24 March 2032 (the "Notes")
under its U.S. Registered Shelf Facility on 21 March 2022. The
Notes are senior, unsecured obligations of Prudential. The issuance
is expected to be completed on 24 March 2022, subject to customary
closing conditions. Application will be made to list the Notes on
the New York Stock Exchange.
The Company intends to apply the proceeds from the sale of the
Notes towards the repayment of a US$350 million bank loan.
A preliminary prospectus supplement (the "Preliminary Prospectus
Supplement") has been filed with the U.S. Securities and Exchange
Commission pursuant to Rule 424(b)(3) of the U.S. Securities Act of
1933, as amended. The Preliminary Prospectus Supplement supplements
the base prospectus issued by the Company on 11 August 2020 in
relation to the Company's U.S. Registered Shelf Facility (the
"Prospectus").
Enquiries to:
Media: Investors/Analysts:
+44 (0)20 3977
Simon Kutner 9760 Patrick Bowes +44 (0)20 3977 9702
Ping Ping Tan +65 9845 8904 William Elderkin +44 (0)20 3977 9215
About Prudential plc
Prudential plc provides life and health insurance and asset
management in Asia and Africa. The business helps people get the
most out of life, by making healthcare affordable and accessible
and by promoting financial inclusion. Prudential protects people's
wealth, helps them grow their assets, and empowers them to save for
their goals. The business has more than 18 million life customers
and is listed on stock exchanges in London (PRU), Hong Kong (2378),
Singapore (K6S) and New York (PUK). Prudential is not affiliated in
any manner with Prudential Financial, Inc. a company whose
principal place of business is in the United States of America, nor
with The Prudential Assurance Company Limited, a subsidiary of
M&G plc, a company incorporated in the United Kingdom.
https://www.prudentialplc.com/
Disclaimer
Please note that the information contained in the Prospectus and
the Preliminary Prospectus Supplement (together, the "Offering
Materials") may be addressed to and/or targeted at persons who are
residents of particular countries (specified in the Offering
Materials) only and is not intended for use and should not be
relied upon by any person outside these countries and/or to whom
the offer contained in the Offering Materials is not addressed.
Prior to relying on the information contained in the Offering
Materials you must ascertain from the Offering Materials whether or
not you are part of the intended addressees of the information
contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
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END
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