BRIEF-Resolution says launch by Friends Life of proposed reset perpetual subordinated note issuance

LONDON Mon Oct 29, 2012 1:04pm EDT

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LONDON Oct 29 (Reuters) - Resolution Ltd : * Launch by friends life group plc of proposed reset perpetual subordinated

note issuance * Intends to use proceeds to make early repayment of deferred consideration

notes issued by it to axa UK

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