Reuters logo
BRIEF-Bupa Finance prices 400 mln stg 5 pct fixed rate subordinated notes
December 2, 2016 / 7:15 AM / in a year

BRIEF-Bupa Finance prices 400 mln stg 5 pct fixed rate subordinated notes

Dec 2 (Reuters) - Bupa Finance Plc

* Bupa finance plc announces pricing of its offering of £400,000,000 5 pct fixed rate subordinated notes due 8 December 2026

* Notes carry a coupon of 5.00 per cent per annum and are expected to be rated BAA2(hyb) and BBB by Moody’s and Fitch, respectively

* Notes were priced at a spread over gilts of 367 basis points and have a maturity date of 8 December 2026

* Transaction attracted strong demand from investors, with final order book closing at over 1.1 bln stg Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below