Old Mutual plc - £500m fixed

RNS Number : 6520A

Old Mutual PLC

12 October 2009

 



Ref 70/09

12 October 2009

Old Mutual plc announces that it has launched and priced a £500m fixed rate senior Bond

Details of the Bond are as follows:

Due 19 October 2016, coupon 7.125% (semi-annual).

Reoffer price 99.323

Lead managers are Barclays Capital, Deutsche Bank and Royal Bank of Scotland and co-leads are Calyon, RBC Capital Markets and Société Générale.

The settlement date for the issue is 19 October 2009.

The issue is being made under the Company's £3.5 billion Euro Note Programme and will be listed in London in denominations of £50,000 and £1,000. 

The bond is senior and unsecured and is rated Baa1/BBB by Moody's and Fitch.

FSA stabilisation.

Use of proceeds - General corporate purposes

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

Enquiries

Investor Relations
Patrick Bowes	UK	[phone]
Deward Serfontein	SA	[phone]
Media
Matthew Gregorowski	UK / SA	[phone]
		[phone]
Don Hunter (Finsbury)	UK	[phone]

Notes to Editors

Old Mutual

Old Mutual plc is a leading international long-term savings Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia.  Old Mutual plc is listed on the London Stock Exchange and the JSE, among others.

In the year ended 31 December 2008, the Group reported adjusted operating profit of £1.0 billion (on an IFRS basis) and had £265 billion of funds under management at the year end. The Group has approximately 57,000 employees.

 

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