Prudential plans dollar Tier 1 bond -IFR

LONDON, June 29 (Reuters) - British insurer Prudential (PRU.L) plans to issue a benchmark dollar-denominated Tier 1 subordinated bond, IFR reported on Monday.

BNP Paribas, Citigroup, HSBC and Royal Bank of Scotland have been named to manage the deal, which will be launched after a series of investor presentations, said IFR Markets, a Thomson Reuters online news and market analysis service.

Prudential's subordinated debt is rated A by Standard & Poor's and Fitch Ratings and A3 by Moody's Investors Service. (Reporting by Jane Baird; Editing by David Holmes)