Completion of bond issuance by OMLAC(SA)

RNS Number : 7655H

Old Mutual PLC

18 March 2015

 



Old Mutual plc

Ref 200/15

18 March 2015

COMPLETION OF BOND issuance BY OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED (OMLAC(SA))

Following the successful completion of a bond auction, which took place on 16 March 2015, OMLAC(SA) has issued a mixture of floating rate and fixed  instruments with several maturities through its  existing  local SA programme. Accordingly, the JSE Limited has granted a listing to OMLAC(SA) on the South African Interest Rate Market with effect from 19 March 2015 under its Unsecured Subordinated Callable Note Programme dated 4 September 2014.The details of the instruments are set out below

INSTRUMENT TYPE:                               FLOATING RATE NOTE CALLABLE

Authorised Programme Size                  R 10,000,000,000.00

Total Notes Outstanding                         R 4,000,000,000.00

Bond Code                                                 OML04

Nominal Issued                                        R 537,000,000.00

Issue Price                                                 100 %

Coupon                                                       8.4080% (3 Month JIBAR as at 16 March 2015 of 6.108 % plus 230 bps)

Step-Up Basis                                           3 Month JIBAR plus an additional 115 bps

Coupon Rate Indicator                            Floating

Trade Type                                                 Price

Final Maturity Date                                    19 March 2025

Books Close                                              9 June, 9 September, 9 December, 9 March

Interest Payment Date(s)                        19 June, 19 September, 19 December, 19 March

Last Day to Register                                By 17:00 on 8 June, 8 September, 8 December, 8 March

Issue Date                                                 19 March 2015

Date Convention                                       Following

Interest Commencement Date              19 March 2015

First Interest Payment Date                    19 June 2015

Call / Step Up Date                                   19 March 2020

ISIN No.                                                      ZAG000124546

Additional Information                              Unsecured Subordinated Callable Notes

Applicable Pricing Supplement             www.oldmutual.com 

INSTRUMENT TYPE:                               FIXED RATE NOTE CALLABLE

Bond Code                                                 OML05

Nominal Issued                                        R 425,000,000.00

Issue Price                                                 100 %

Coupon                                                       9.76%

Coupon Rate Indicator                            Fixed

Trade Type                                                 Yield

Final Maturity Date                                    19 March 2025

Books Close                                              9 September, 9 March

Interest Payment Date(s)                        19 September, 19 March

Last Day to Register                                By 17:00 on 8 September, 8 March

Issue Date                                                 19 March 2015

Date Convention                                       Following

Interest Commencement Date              19 March 2015

First Interest Payment Date                    19 September 2015

Call / Step Up Date                                   19 March 2020

ISIN No.                                                      ZAG000124553

Additional Information                              Unsecured Subordinated Callable Notes

Applicable Pricing Supplement             www.oldmutual.com

INSTRUMENT TYPE:                               FIXED RATE NOTE CALLABLE

Bond Code                                                 OML06

Nominal Issued                                        R 409,000,000.00

Issue Price                                                 100 %

Coupon                                                       10.32%

Coupon Rate Indicator                            Fixed

Trade Type                                                 Yield

Final Maturity Date                                    19 March 2027

Books Close                                              9 September, 9 March

Interest Payment Date(s)                        19 September, 19 March

Last Day to Register                                By 17:00 on 8 September, 8 March

Issue Date                                                 19 March 2015

Date Convention                                       Following

Interest Commencement Date              19 March 2015

First Interest Payment Date                    19 September 2015

Call / Step Up Date                                   19 March 2022

ISIN No.                                                      ZAG000124561

Additional Information                              Unsecured Subordinated Callable Notes

Applicable Pricing Supplement             www.oldmutual.com

INSTRUMENT TYPE:                               FIXED RATE NOTE CALLABLE

Bond Code                                                 OML07

Nominal Issued                                        R 690,000,000.00

Issue Price                                                 100 %

Coupon                                                       10.955%

Coupon Rate Indicator                            Fixed

Trade Type                                                 Yield

Final Maturity Date                                    19 March 2030

Books Close                                              9 September, 9 March

Interest Payment Date(s)                        19 September, 19 March

Last Day to Register                                By 17:00 on 8 September, 8 March

Issue Date                                                 19 March 2015

Date Convention                                       Following

Interest Commencement Date              19 March 2015

First Interest Payment Date                    19 September 2015

Call / Step Up Date                                   19 March 2025

ISIN No.                                                      ZAG000124579

Additional Information                              Unsecured Subordinated Callable Notes

Applicable Pricing Supplement             www.oldmutual.com

The notes will be immobilised in the Central Securities Depository ("CSD") and settlement will take place electronically in terms of JSE Rules.

Enquiries

External communications

Patrick Bowes                                      UK          [phone]

Investor relations

Dominic Lagan                                    UK          [phone]

Sizwe Ndlovu                                        SA           [phone]

Media

William Baldwin-Charles                                   [phone]

                                                                                [phone]

Notes to Editors

Old Mutual provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com 

 

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