OMLAC(SA) - Issue of OML 07 notes

RNS Number : 4146E

Old Mutual PLC

03 November 2015

 



Old Mutual plc

Ref 738/15

3 November 2015

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED - ISSUE OF OML 07 NOTES

Old Mutual plc today announces that the JSE Limited has granted a listing to its subsidiary, Old Mutual Life Assurance Company (South Africa) Limited (OMLAC(SA)), on the Interest Rate Market with effect from 4 November 2015 under OMLACSA's Unsecured Subordinated Callable Note Programme dated 4 September 2014.

INSTRUMENT TYPE:                                         FIXED RATE NOTE CALLABLE

Bond Code                                                        OML07

Nominal Issued                                                  ZAR460,000,000

Issue Price                                                        98.5192 %

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                                                         4 November 2015

Date Convention                                                 Following

Interest Commencement Date                             19 September 2015

First Interest Payment Date                                19 March 2015

Call / Step Up Date                                            19 March 2025

ISIN No.                                                            ZAG000124579

Additional Information                                         Unsecured Subordinated Callable Notes

APPLICABLE PRICING SUPPLEMENT 

https://www.jse.co.za/content/JSEPricingSupplementsItems/2015/BondDocuments/OML07%20Pricing%20Supplement%2020151104.PDF

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 

 

END

 

 

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