Phoenix Group Holdings plc announced a private placement that it will issue Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes for the gross proceeds of $500,000,000 on June 6, 2024. The New Notes will bear interest at the rate of 8.5% per annum to June 12, 2030, payable semi-annually in arrear. Subject to certain conditions, the Company may redeem the New Notes on any date from 12 December 2029 to the First Reset Date, or on any interest payment date thereafter.
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521.5 GBX | +0.29% |
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06-26 | CAC 40 underperforms amid political uncertainty | AN |
06-26 | Phoenix Group considers sale of non-core SunLife business | AN |
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1st Jan change | Capi. | |
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-2.56% | 6.58B | |
+3.66% | 72.1B | |
+8.25% | 50.75B | |
+6.14% | 49.91B | |
+24.42% | 47.64B | |
+13.00% | 42.08B | |
+17.16% | 33.02B | |
-2.39% | 28.42B | |
-9.01% | 27.19B | |
+28.96% | 26.64B |
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