IN BRIEF: Phoenix starts tender offer for GBP428 million in notes

Phoenix Group Holdings PLC - London-based life insurance provider - Launches tender offer to ...

Alliance News 27 November, 2023 | 9:18AM
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Phoenix Group Holdings PLC - London-based life insurance provider - Launches tender offer to holders of its GBP428.1 million in 6.625% notes due in 2025, as well as a tender offer for its USD500.0 million in notes due 2031. Says deadline for tenders is Monday next week. The maximum amount of the tender is still to be determined. Phoenix also will issue new sterling fixed rate reset tier 2 notes.

Current stock price: 476.50 pence, down 0.1%

12-month change: down 21%

By Sabrina Penty, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Phoenix Group Holdings PLC 503.00 GBX 0.56 -

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