Prudential: Press Releases·· 2025-11-18AI Score22
Prudential Successfully Prices USD 1 Billion 2.95% Subordinated Notes Due 3 November 2033
Prudential plc - Successful pricing of US$1,000,000,000 2.95 per cent. Subordinated Notes due 3 November 2033
AI Summary
Prudential has completed the pricing of USD 1 billion 2.95% subordinated notes due 3 November 2033, issued under its USD 10 billion Medium Term Note Programme. The notes are intended to qualify as Group Tier 2 capital under Hong Kong's Insurance (Group Capital) Rules (Cap. 41O). Proceeds are intended for general corporate purposes, including the redemption of USD 725 million 4.375% Undated Subordinated Notes.
Source:Prudential: Press Releases · prudentialplc.com