Redemption of 8.25% US Capital Securities

RNS Number : 8995N

Aviva PLC

01 November 2016

 

November 1, 2016

Aviva plc to redeem 8.25% US Capital Securities due December 1, 2041

Aviva plc (NYSE: AV; LON: AV) wishes to announce that notification has been given to the holders of its 8.25% capital securities due December 1, 2041 (ISIN: US05382A2033, CUSIP: 05382A203) (the "US Capital Securities") that it shall redeem the US Capital Securities in full on December 1, 2016 (the "Redemption Date"). On the Redemption Date, a redemption price of 100% of the principal amount of the US Capital Securities, or $25 per each $25 US Capital Security, plus accrued and unpaid interest from, and including, September 1, 2016, to, but excluding, the Redemption Date, will be payable by Aviva plc. As of November 1, 2016, $400 million aggregate principal amount of the US Capital Securities were outstanding.

Registered holders of the US Capital Securities should refer to the notice of redemption delivered to them by Law Debenture Trust Company of New York, the trustee and paying agent with respect to the US Capital Securities.

The US Capital Securities are held only in book-entry form through The Depository Trust Company ("DTC") for the accounts of its participants, including Clearstream Banking, société anonyme, and Euroclear Bank S.A./N.V. DTC will redeem the US Capital Securities in accordance with its procedures, and will credit interest payments accruing from, and including, September 1, 2016, based on DTC participant holdings of the US Capital Securities on the close of business on the business day immediately preceding the Redemption Date. Holders of the US Capital Securities need not take any action to receive payment of the redemption price.

Contacts:

Investor contacts:

Chris Esson                          [phone]

Media contacts:

Andrew Reid                       [phone]

Sarah Swailes                    [phone]

Aviva plc
St Helen's, 1 Undershaft
London EC3P 3DQ

Registered in England
Number 2468686

This information is provided by RNS. The company news service from the London Stock Exchange

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