Business
Phoenix Group Holdings plc issue of Tier 2 Notes
Phoenix Group Holdings plc issue of Tier 2 Notes.
About this update from Standard Life Plc
[{"type":"text","content":"\n \n \n RNS Number : 1943O\n Phoenix Group Holdings PLC\n 28 May 2020\n \n \n \n \n Phoenix Group Holdings plc (LEI: 2138001P49OLAEU33T68)\n \n \n Phoenix Group Holdings plc mandates Joint Lead Managers for issue of Tier 2 Notes\n \n \n Phoenix Group Holdings plc (\"PGH\") has mandated Barclays, Citigroup, HSBC and J.P. Morgan Cazenove as Joint Lead Managers for an upcoming issuance of up to USD 500m Tier 2 notes (the \"Notes\"), to be issued under the PGH £3bn Euro Medium Term Note Programme (the \"Programme\"). The Notes are expected to have a maturity of approximately 11.25 years and to be redeemable at the option of PGH from June to September 2026.\n \n \n The net proceeds from the issue of the Notes will be used for general corporate purposes, including providing additional flexibility for the refinancing of existing Phoenix Group borrowings. \n \n \n The offering of the Notes will be launched in the near future, subject to market conditions.\n \n \n For further information, please contact:\n \n \n Phoenix Group Holdings plc\n \n \n Office: Juxon House, 100 St Paul's Churchyard, London EC4M 8BU, United Kingdom\n \n \n Group Treasurer: Rashmin Shah\n \n \n Telephone: +44 20 3735 0059\n \n \n Email: \n \n [email protected]\n \n \n \n Website: \n \n http://www.thephoenixgroup.com/\n \n \n \n This announcement relates to the disclosure of information relevant for holders of the Phoenix Group's debt securities that qualified, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.\n \n \n The person responsible for arranging for the release of this announcement on behalf of PGH is Gerald Watson.\n \n \n DISCLAIMER - INTENDED ADDRESSEES\n \n \n Neither this announcement nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, its territories or possessions or to a U.S. person (as defined in the U.S. Securities Act of 1933 (the \"Securities Act\")). Any failure to comply with this restriction may constitute a violation of U.S. securities laws. This announcement is not an offer of any securities for sale, or an offer to repurchase securities, in the United States. PGH has not registered and does not intend to register any po...