Business
Proposed issuer substitution of certain securities
Proposed issuer substitution of certain securities.
About this update from Prudential Plc
[{"type":"text","content":"\n \n \n \n \n \n Prudential plc\nPrudential Funding (Asia) plc\n \n \n 28 February 2023\n \n \n \n Proposed substitution of Prudential Funding (Asia) plc as the issuer of certain securities\n \n \n \n With effect from 2 March 2023 (the \"Substitution Date\"), subject to execution of transaction documentation, Prudential Funding (Asia) plc, an indirect wholly-owned subsidiary of Prudential plc incorporated in the United Kingdom, will be substituted in place of Prudential plc as principal debtor in respect of the following securities and, if applicable, their connected coupons (the \"Substitution\"):\n \n \n GBP 435,000,000 6.125 per cent. subordinated notes due 19 December 2031 (ISIN: XS0140198044) (Listed on the London Stock Exchange's Main Market);\nEUR 20,000,000 index linked subordinated notes due 2023 (ISIN: XS0171435497) (Listed on the London Stock Exchange's Main Market);\nUSD 750,000,000 4.875 per cent. undated subordinated notes (ISIN: XS1700429480) (Listed on the London Stock Exchange's Main Market);\nUSD 1,000,000,000 2.95 per cent. subordinated notes due 3 November 2033 (ISIN: XS2403426427) (Listed on the London Stock Exchange's Main Market);\nGBP 250,000,000 5.875 per cent. notes due 2029 (ISIN: XS0096874671) (Listed on the London Stock Exchange's Main Market);\nUSD 1,000,000,000 3.125 per cent. notes due 2030 (ISIN: US74435KAA34) (Listed on the New York Stock Exchange); and\nUSD 350,000,000 3.625 per cent. notes due 2032 (ISIN: US74435KAB17) (Listed on the New York Stock Exchange)\n(each a \"Series\" and together, the \"Notes\")\n \n \n From and including the Substitution Date, each Series of Notes will be irrevocably guaranteed by Prudential plc.\n \n \n Notice of the Substitution, once effective, will be delivered to the holders of each Series of Notes in accordance with the terms and conditions of the relevant Series.\n \n \n \n ENDS\n \n \n \n \n \n \n \n \n \n Notes to editors:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Treasury\n \n \n \n \n \n \n \n \n \n \n \n \n \n Investors/Analysts\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Simon Rich\n \n \n \n \n + 44 (0) 20 3977 9419\n \n \n \n \n Patrick Bowes\n \n \n \n \n +852 9611 2981\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n William Elderkin\n \n \n \n \n +44 (0) 20 3977 9215\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ...