Legal & General Group $500 million 5.5% subordinated notes issue

25/4/2017

Investment grade bond/note issue

Value:

$ 500 million

Status:

Completed

Date:

25/4/2017

Overview:

Legal & General Group has issued $500 million in fixed rate reset subordinated notes.
The 5.55% notes are due in 2052 and were issued under its £4 billion Euro note programme
The joint lead managers were Barclays, Goldman Sachs and Merrill Lynch International.
The deal follows Legal & General's issue of $850 million in subordinated notes in March.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Financial services

Firm:

Slaughter and May

Party: Legal & General Group (Issuer)

Lawyer: Richard Jones

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