Old Mutual plc Update on OMLAC(SA) Debt Issuance

RNS Number : 0789Y

Old Mutual PLC

26 November 2014

 



Old Mutual plc

Ref 324/14

26 November 2014

OLD MUTUAL PLC UPDATE ON OMLAC(SA) DEBT ISSUANCE

The JSE Limited has granted a listing to Old Mutual Life Assurance Company (South Africa) Limited on the Interest Rate Market with effect from 27 November 2014 under its Unsecured Subordinated Callable Note Programme dated 4 September 2014.

INSTRUMENT TYPE:                            FLOATING RATE NOTE CALLABLE

Authorised Programme Size                  R 10,000,000,000.00

Total Notes Outstanding                        R 3,000,000,000.00

Bond Code                                           OML02

Nominal Issued                                     R 700,000,000.00

Issue Price                                           100%    

Coupon                                                8.283% (3 Month JIBAR as at 24 November 2014 of 6.083%

                                                           plus 220bps)

Step-Up Basis                                      3 Month JIBAR plus 330 bps

Coupon Indicator                                   Floating

Trade Type                                           Price

Legal Final Maturity Date                       27 November 2024

Call / Step-Up Date                               27 November 2019

Books Close                                         17 February, 17 May, 17 August, 17 November

Interest Payment Date(s)                       27 February, 27 May, 27 August, 27 November

Last Day to Register                             By 17:00 on 16 February, 16 May, 16 August, 16 November

Issue Date                                            27 November 2014

Date Convention                                    Following

Interest Commencement Date                27 November 2014

First Interest Payment Date                   27 February 2015

ISIN No.                                               ZAG000121971

INSTRUMENT TYPE:                            FIXED RATE NOTE CALLABLE

Bond Code                                           OML03

Nominal Issued                                     R 300,000,000.00

Issue Price                                           100 %

Coupon                                                9.255%

Coupon Indicator                                   Fixed

Trade Type                                           Yield

Legal Final Maturity Date                       27 November 2024

Call Date                                              27 November 2019

Books Close                                         17 May, 17 November

Interest Payment Date(s)                       27 May, 27 November

Last Day to Register                             By 17:00 on 16 May, 16 November

Issue Date                                            27 November 2014

Date Convention                                    Following

Interest Commencement Date                27 November 2014

First Interest Payment Date                   27 May 2015

ISIN No.                                               ZAG000121989

Additional Information                            Unsecured Subordinated Callable Note

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

Copies of the respective prospectuses are available for viewing on www.oldmutual.com.

Inquiries

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 16 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 2013, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £294 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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