RL Finance calls £246 million 6 1/8% step-up subordinated perpetuals

By Susanna Moon

Chicago, Sept. 29 – RL Finance Bonds plc said it called its £246 million principal amount of outstanding £400 million 6 1/8% perpetual cumulative step-up subordinated guaranteed notes.

The notes are guaranteed on a subordinated basis by Royal London Mutual Insurance Society Ltd.

The notes will be redeemed at par plus accrued interest to but excluding the redemption date of Dec. 15, according to a company notice.

Royal London offers life insurance, pensions, savings products, investment products, property/casualty insurance, credit insurance and investment management. The company is based in London.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.